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Byju's to acquire rival Toppr for USD 150 million: Report


Byju’s to acquire rival Toppr for USD 150 million: Report
Byju s has been aggressively expanding its presence across the educational space online and offline. SAIF Partners and Helion Ventures-backed Toppr is an online player and the latest company to be acquired by Byju’s.
The company has explored the opportunity made available to online education which is created by the COVID-19 pandemic.
In January, Facebook-backed startup acquired test prep leader Aakash Educational Services Ltd for USD 1 billion. Not to forget, it also acquired startup WhiteHat Jr for USD 300 million.
The valuation of Bangalore-based Byju’s is estimated to be around USD 11-12 billion. ....

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Byju's to Acquire Blackstone-Backed Aakash Educational Services for $1 Billion


Byju s to Acquire Blackstone-Backed Aakash Educational Services for $1 Billion
Aakash Institute which has over 200 brick and mortar centers and tutors students have gained entry into the country s elite engineering and medical schools
  |  14 Jan 2021 5:55 AM GMT
NEW DELHI: India s popular online-education startup- Byju s is all set to acquire brick & mortar test prep leader Aakash Educational Services Ltd. for $1 billion.
Byju s current market value is capped at $12 billion and due to the present pandemic situation globally, the online startup is aggressively looking at expanding as the demand of online classes has gone up since 2020.
According to Bloomberg, the deal which is said to be sealed in two or three months time will be one of the largest edtech acquisitions in the world. ....

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