Byju is expanding very fast in the field of technology based education. The company acquired Great Learning for $600 million. Prior to that, American digital education platform Epic was acquired for $ 500 million.
This deal was done for $ 600 million.
Education Technology Byju is moving very fast in the acquisition process. It is currently the most valuable startup in the country. Now it has acquired professional and higher education platform Great Learning for $ 600 million i.e. Rs 4,466 crore.
Byju’s said in a statement that it will also invest an additional $400 million to accelerate the growth of Great Learning in the professional and higher education segment. A day earlier, Byju’s announced the acquisition of US-based digital educational platform EPIC for $500 million (about Rs 3,729.8 crore). Byju’s will invest Rs 7,459.7 crore separately in the North American market.
more than 2 billion investment
In the last six months, Byju’s has spent more than $ 2 billion (about 15 thousand crores) on the acquisition of educational technology companies. The world of digital education has been revolutionized in the Corona epidemic and this epidemic has completely changed the digital world. Byju’s founder Raveendran told The Economic Times that even after these acquisitions, the company would have $1 billion in cash available. It will be used in the expansion of the new platform. Currently, Byju’s is valued at $16.5 billion. This is the highest among domestic startups.
Great learning will work independently
According to a statement issued by the company after the acquisition of Great Learning, “This acquisition brings BYJU’s total commitment of US$1 billion to the professional skilling and education segment globally, accelerating expansion beyond the Class 12 and exam preparation segments, and This marks a further impetus to the company’s growth plans.” Great Learning will continue to operate as an independent entity under the Byju Group. Great Learning will continue to be led by its founder and CEO Mohan Lakhmaraju and co-founders Hari Nair and Arjun Nair.
Great Learning’s service in over 170 countries
Byju Raveendran, Founder and CEO, Byju said, “Empowering students with the right future-oriented skills is a fundamental part of our mission. Great Learning is a globally renowned professional education company and this partnership will expand our reach in this new segment. Let’s unite in our mission. With our combined strengths, we aim to become the global market leader in this segment.” Great Learning was founded in 2013 and has delivered over 60 million hours of education to 1.5 million learners from over 170 countries.
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