Indian edtech unicorn Byju’s on M&A spree, buys Toppr and Great Learning
Byju Raveendran, the founder of Byju s. Photo: Hemant Mishra/Mint
July 26, 2021
Edtech unicorn and India’s most valuable startup Byju’s is continuing its acquisition spree by buying after-school learning app Toppr and upskilling platform Great Learning in a cash and stock deal, according to regulatory filings filed by the company.
With this, Byju’s has acquired six startups in 2021, across India and the US.
The edtech company recently raised $1.5 billion from UBS Group, Abu Dhabi sovereign fund ADQ, and Blackstone Group LP among others, at a valuation of $16.5 billion, making it the highest valued Indian startup, as it overtook initial public offering (IPO)-bound Paytm’s $16 billion valuation.