Insta
BYJU's Carries On Acquisition Spree; Purchases Toppr And Great Learning For $750 Million
Byju's learning app (Website/Amazon AWS)
Continuing its acquisition spree, edtech company BYJU’s has acquired skillset platform Great Learning along with learning application Toppr in a cash and stock deal.
Apparently, BYJU’s will shell out a total sum of $750 million to procure the two platforms, out of which Great Learning will cost around $600 million.
The startup, termed to be the most valuable one in India, has spent more than $2.2 billion in purchasing several complementary businesses.
BYJU’s apparently targets expanding its reach in the overseas markets through its latest acquisitions.
By procuring Toppr, the company is possibly looking to further strengthen its presence in the kindergarten to Class 12 (K-12) learning segment considering that it already faces tough competition from the likes of Unacademy and Vedantu in this sector.
Similarly, the startup faces mounting challenges from the likes of upGrad and Simplilearn in the upskilling/reskilling sector, which it plans to navigate through the purchase of Great Learning.
In recent times, it has also take over Epic, which is a US-based online reading platform particularly for kids. BYJU’s spent around $500 million in that specific deal, Money Control reports.
Support Swarajya's 50 Ground Reports Project & Sponsor A Story
Every general election Swarajya does a 50 ground reports project.
Aimed only at serious readers and those who appreciate the nuances of political undercurrents, the project provides a sense of India's electoral landscape. As you know, these reports are produced after considerable investment of travel, time and effort on the ground.
This time too we've kicked off the project in style and have covered over 30 constituencies already. If you're someone who appreciates such work and have enjoyed our coverage please consider sponsoring a ground report for just Rs 2999 to Rs 19,999 - it goes a long way in helping us produce more quality reportage.
You can also back this project by becoming a subscriber for as little as Rs 999 - so do click on this links and choose a plan that suits you and back us.
Click below to contribute.
Latest
