Digital learning platform Byju’s has acquired education platform Great Learning and after-school learning app Toppr. Byju’s has spent $600 million to accumulate Great Learning while $150 million are spent on acquiring Toppr, consistent with media reports and regulatory filings. the event has come but every week after it acquired the US-based online reading platform for youngsters , Epic for $500 million.
In April this year, Byju’s had acquired Aakash Educational Services Ltd for $1 billion.
The edtech company will enter the upskilling and reskilling segment with the acquisition of Great Learning. this may also expand its product base, media reports said.
Great Learning provides higher learning degree, diploma and certificate courses across domains like data science, digital marketing, AI , and machine learning, in association with recognised universities globally.
With these two latest acquisitions, Byju’s has acquired six startups in 2021 in India also as within the us of America.
The edtech company has spent around $2 billion in acquiring companies involved within the field of education and learning technology in 2021 alone.
Byju’s plans to place to use its technology with Great Learning’s professional courses in areas like cloud computing, reports said.
Acquisitions by Byju’s of companies involved in providing similar services like its own will boost its offerings, especially due to growing demand for online education amid Coronavirus-induced lockdowns.
“We are seizing a chance to make a really large edtech company for the planet ,” Byju Raveendran, founder and CEO of Byju’s was quoted by media reports, citing a video call.
“India’s edtech startups have an enormous competitive advantage to capture the worldwide market,” he was further quoted as saying.
Great Learning founders Mohan Lakhamraju, Hari Nair and Arjun Nair will remain and run it as an independent unit.
Media reports quoting Mr Lakhamraju further said that Great Learning plans to grow its annual subscription revenue to $1 billion “within subsequent years” from the prevailing $100 million.
Great Learning’s courses are aimed toward solving real-world problems through a practical approach, in contrast to “traditional learning in universities,” he said.
Great Learning, which was founded in 2013, collaborates with Indian and foreign universities including some big names like Stanford University and Massachusetts Institute of Technology.
Last week, Byju’s had acquired Epic, which may be a digital reading platform for youngsters , for $500 million, which is around ₹ 3,700 crore approximately.
The edtech major had said that it’ll further invest $ 1 billion in North America to accelerate its vision of helping students fall crazy with learning.
The taking up of Epic will help Byju’s expand its footprint within the us by giving access to quite two million teachers and 50 million children under Epic’s existing user base across the planet , which has quite doubled over the last year, the corporate had said.
