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.
An Appeal...
Dear Reader,
As you are no doubt aware, Swarajya is a media product that is directly dependent on support from its readers in the form of subscriptions. We do not have the muscle and backing of a large media conglomerate nor are we playing for the large advertisement sweep-stake.
Our business model is you and your subscription. And in challenging times like these, we need your support now more than ever.
We deliver over 10 - 15 high quality articles with expert insights and views. From 7AM in the morning to 10PM late night we operate to ensure you, the reader, get to see what is just right.
Becoming a Patron or a subscriber for as little as Rs 1200/year is the best way you can support our efforts.