Byju’s promoters have sold shares worth $408.53 million since 2015: Report

livemint.com:

edtech major, have together sold shares worth about $408.53 million in 40 secondary transactions since 2015, according to research and data platform PrivateCircle. PrivateCircle used the closest available primary share price and analysed various public data sources to arrive at the findings, in cases where the secondary share price was not available.  Also Read: Byju’s exposes gap in NFRA mandate “Byju's promoters have put the entire secondary sale proceeds back into the business to scale it up further over the years," a spokesperson for the company told business daily ET in response to a query on the secondary share sales.

Since 2015, Byju's Raveendran individually sold 29,306 shares worth $3.28 million, whereas his wife and co-founder Divya Gokulnath sold 64,565 shares worth $29.40 million, and brother Riju Ravindran sold 337,911 shares worth $375.83 million. The investors that participated in Byju’s secondary transactions included Silver Lake Partners, Blackrock, T Rowe Price, Chan Zuckerberg, Owl Ventures, Naspers, Times Internet, Lightspeed Ventures, Proxima Beta, Naspers Ventures, General Atlantic and Alkeon.

Since 2015, founder and CEO Byju Raveendran individually sold 29,306 shares worth $3.28 million, whereas his wife and co-founder Divya Gokulnath sold 64,565 shares worth $29.40 million, and brother Riju Ravindran sold 337,911 shares worth $375.83 million. The investors that participated in Byju’s secondary transactions included Silver Lake Partners, Blackrock, T Rowe Price, Chan Zuckerberg, Owl Ventures, Naspers, Times Internet, Lightspeed Ventures, Proxima Beta, Naspers Ventures, General Atlantic and Alkeon.