Byju’s opts for big buys to build a global edtech giant
May 09, 2021
Home program: Online coding class from Byju’s group’s WhiteHat Jr BLOOMBERG - Bloomberg / Anindito Mukherjee
Home program: Online coding class from Byju’s group’s WhiteHat Jr BLOOMBERG - Bloomberg / Anindito Mukherjee×
Targets students of all age groups in emerging high-growth areas such as upskilling and coding classes
India’s most valued edtech firm, Byju’s has embarked on an acquisition spree to grow its topline, acquire market share and diversify its offerings beyond the core K-12, or kindergarten to Std XII, segment.
At present, it has three key acquisition targets Bengaluru-based Great Learning; Noida-based Gradeup, and Mumbai-based Toppr at an estimated cost of $550-600 million.
BYJU’S in talks to buy two edtech start-ups for $400m
April 30, 2021
Its most recent acquisition was Aakash Education Services
BYJU’S, India’s most valued edtech start-up, is learnt to be in talks with the founders of Great Learning, a Bengaluru-based edtech firm in the professional and higher education space (founded in 2012), and Gradeup, a Noida-based edtech firm in the competitive exam preparation space (founded in 2015), to acquire them for $400 million.
If these two acquisitions go through in the next few weeks, BYJU’S will have made an impressive set of 10 acquisitions, each of which will augment its offerings to its large student community. Founded in 2011 by Byju Raveendran and Divya Gokulnath, BYJU’S has so far acquired 8 companies including Vidyartha, Tutorvista and Edurite in 2017, Math Adventures in 2018, Osmo in 2019, WhiteHat Jr and LabInApp in 2020 and, more recently, Aakash Educational Services earlier this month for $940 million.