Byju's acquires Tynker, a US-based coding platform, in a stock-and-cash deal, in an effort to boost its market expansion in the United States. Tynker is also likely to integrate with Byju's Future School offerings, giving students more options.
WhiteHat Jr founder departs a year after selling to Byju’s
Karan Bajaj, the founder and chief executive of WhiteHat Jr, is leaving the firm a year after selling the startup for $300 million to Indian edtech giant Byju’s.
In an email to employees on Wednesday, Bajaj and Byju’s founder and chief executive Byju Raveendran said the departure follows a “mutually decided” decision made at the time of acquisition of WhiteHat Jr.
Chatter about Bajaj leaving the firm has been floating around for more than a quarter. TechCrunch inquired Byju’s in early April if Bajaj was going to leave the firm, a detail India’s most valuable startup dismissed as false at the time.
Byju s acquires US-based Epic for $500 mn; eyes further acquisitions domain-b.com - get the latest breaking news, showbiz & celebrity photos, sport news & rumours, viral videos and top stories from domain-b.com Daily Mail and Mail on Sunday newspapers.
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.
E-commerce draft policy & recommended changes
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Earlier this month, online retailers had raised concerns about the draft e-commerce rules with government officials and sought more time to suggest changes. As the deadline to submit feedback comes to an end, we bring you all the suggestions given by industry groups.
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Hi, Digbijay here. We here at ETtech have been closely tracking all the important developments around the much-talked and debated draft proposals for