ED searches Byju’s premises

The Directorate of Enforcement (ED) on Saturday searched the premises of Think & Learn Private Ltd, which owns and operates edtech unicorn Byju’s, for alleged violations of the Foreign Exchange Management Act (FEMA). The law enforcement agency said in a statement that it searched two company premises as well as CEO Byju Raveendran’s residential premises in Bengaluru, where it seized “various incriminating documents and digital data”.