Byju’s has played an important role in taking the online education system to a new level. The company is acquiring several companies to expand its facilities. Now he has tied up with Epic.
Byju’s acquires Epic
Byju’s, a company promoting online education, will now establish its dominance in America as well as in India. For this purpose, the company has acquired digital platform Epic for about Rs 3,729.8 crore. Byju’s will invest one billion dollars to improve its position in the North American market. The company believes that this will make it easier for children to read digitally. Earlier, Byju’s had acquired Aakash Educational Services a few months back for about $1 billion.
A statement issued by the company said that Epic, a digital platform for reading books for children aged 12 years and below, has been acquired for $ 500 million (about Rs 3,729.8 crore). Through this Byju’s will be able to make its services available to existing global users of Epic. These include more than 20 lakh teachers and more than 5 crore children.
The collection of books is more than 40 thousand
Epic is a great platform for digital studies at the global level. It has a collection of over 40,000 books, audio books and videos from over 250 of the world’s best publishers. It has kept its service free for teachers. Due to the Corona epidemic, rapid changes have taken place in the field of education technology in various countries of the world including India. Children are now studying online. This is the reason why digital platforms like Byju’s have developed rapidly. Byju’s has raised about $1.5 billion since April last year for the company’s expansion.
The company was started in 2015
Byju’s was started in 2015. At present, more than 100 million students are using its services globally. The company is continuously acquiring different companies to expand its services. Earlier it had acquired Osmo from Tutor Vista and Edu Wright in 2017 and in the year 2019. Last year, the company bought coding training platform WhiteHat Junior for $300 million.
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