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.
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[Funding alert] BYJU S is raising $150M from UBS
UBS could also infuse additional funding into BYJU S, which has seen significant growth in the past few quarters on the back of strong uptake of online education, the sources close to the development said.
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$150 million from
UBS Group AG that will value the edtech major at about $16.5 billion, according to sources.
UBS could also infuse additional funding into BYJU S, which has seen significant growth in the past few quarters on the back of strong uptake of online education, the sources close to the development said.
BYJU S declined to comment, while the response from UBS Group AG could not be immediately ascertained.
Indian edtech unicorn Byju s raises $455m from B Capital, Baron Funds, others dealstreetasia.com - get the latest breaking news, showbiz & celebrity photos, sport news & rumours, viral videos and top stories from dealstreetasia.com Daily Mail and Mail on Sunday newspapers.
New Delhi [India], April 10 (ANI/BusinessWire India): As the effects of COVID-19 continue to unfold, the corporate world has witnessed unique trends in Private Equity, Mergers and Acquisitions and ECM space in Q1 of 2021.
As per VCCEdge research, Q1 of 2021 recorded an incline with 376 deals worth USD 6.6 billion when compared with the 350 deals recorded in Q1 2020. While the number saw an incline, the deals value also increased by 43 per cent from USD 4.6 billion to USD 6.6 billion.
However, Q1 2021 also witnessed the lowest number of deals and deal value in the mergers and acquisitions space in the last five years on a Y-o-Y basis. The quarter recorded 184 deals worth USD 5.20 billion, a decline of 10 per cent and 65 per cent respectively as compared to Q1 2020. Domestic M & A dominated the show by garnering 118 deals worth USD 3.09 billion.