INSUBCONTINENT EXCLUSIVE:
million in 40 secondary transactions since 2015, data sourced from private market intelligence platform PrivateCircle Research showed.While
Byju Raveendran individually sold 29,306 shares worth $3.28 million since 2015, Gokulnath and Riju Ravindran sold 64,565 and 337,911 shares
worth $29.40 million and $375.83 million respectively, according to the data which has been compiled by analysing various public data
transactions over the years
statement.Currently, the promoters of the troubled edtech startup collectively hold a 21% stake in the company
While founder - CEO Raveendran holds 15.90% stake, Gokulnath and Riju Ravindran hold 3.32% and 1.99% stake respectively in the firm
Raveendran has claimed that the money made through secondary sales has been reinvested into the company
like Prosus and BlackRock
Besides, GV Ravishankar, managing director at Peak XV Partners (formerly Sequoia India and SEA), Russell Andrew Dreisenstock of Prosus and
