The comedian died at 10.20 am, after 41 days of hospitalisation.
Raju was admitted to AIIMS Delhi on August 10 after he experienced chest pain and collapsed while working out at a gym.
Raju has been in the entertainment industry since the 1980s and rose to prominence in 2005 after appearing on the first season of the reality stand-up comedy show The Great Indian Laughter Challenge.
Raju has been in the entertainment industry since the 1980s and rose to prominence in 2005 after appearing on the first season of the reality stand-up comedy show The Great Indian Laughter Challenge.
Prime Minister Narendra Modi condoled Srivastava's death and said he left the world too soon.
Uttar Pradesh Chief Minister Yogi Adityanath too extended condolences to his family and said, "Raju Srivastava is no more with us. I, on behalf of the people of UP, pray that his soul rests in peace."
Srivastava was hospitalised on August 10 after he collapsed in the gym and was rushed to the All India Institute of Medical Sciences (AIIMS). He underwent angioplasty the same day and was put on a ventilator.
Srivastava also served as the chairman of the Film Development Council of Uttar Pradesh until his death.