![]() In 2020, Byju’s revenue was more than $100 million.As of June 2021, Byju’s has become India’s most valued startup after raising $350 million at a $16.5 billion post-money valuation.Byju’s announced on July 21 that it has acquired California-headquartered reading platform Epic, which has amassed more than 2 million teachers and 50 million kids, for $500 million.Byju’s announced on July 26 that was buying professional training and higher education platform Great Learning for $600 million.The companies didn’t disclose the terms of the deal, but a person familiar with the matter told TechCrunch that the Indian firm is spending about $200 million on the acquisition. Byju’s announced on September 16 that it has acquired coding platform Tynker.In October 2021, Byju’s raised $300 million at an $18 billion valuation.In December 2021, Byju’s acquired Austria-based math learning app GeoGebra in a $100 million deal.The round values Byju’s at about $22 billion, a person familiar with the matter said. ( Techcrunch) His backing is part of a larger $800 million round Byju’s has secured, the company said. ![]() In March 2022, Byju Raveendran, the co-founder and CEO of Byju’s, has invested $400 million into the startup.In October 2022, Byju’s announced it has raised $250 million in new funding round at a $22 billion valuation.Between April – July 2022, the company logged a revenue of Rs. In September 2022, the company announced that it registered nearly Rs.In May 2023, Byju’s raised $250 million from Davidson Kempner Capital Management, as part of an ongoing $1 billion round.Important gold buying tips: Sovereign Gold Bonds vs Gold ETFs vs jewelry, bars, coins.Facebook Twitter LinkedIn Reddit What is Byju’s?īyju’s is an India-based edtech company founded in 2012 providing online learning programs for K3, K10, K12, NEET, JEE, UPSC & Bank Exams with personalized video lessons, tests, and one-on-one mentorship programs from experienced teachers.Inflation above its target, but RBI unlikely to change rates.Petrol sales gather steam, diesel still under water.Accenture to train 2.5L of its staff in AI.Reliance Retail to buy UK-based Superdry's South Asian licences.Oil prices dive sharply as US data shows weak demand for gasoline.No GST cut seen on cement, Li-ion cells.Political stability crucial to become 3rd largest economy: Finance minister Nirmala Sitharaman.Previously, Byju's had acquired TutorVista and Edurite (from Pearson in 2017), Osmo (2019) and coding training platform WhiteHat Jr for USD 300 million last year. In July, it acquired Singapore-headquartered Great Learning for USD 600 million (about Rs 4,466 crore), and announced an investment of an additional USD 400 million to strengthen its position in the professional and higher education segment. Flush with funds, Byju's has been on an acquisition spree, buying Aakash Educational Services Ltd (AESL) for about USD 1 billion to bolster its presence in the test preparation segment in April this year. Byju's (Think & Learn Pvt Ltd) is backed by marquee investors, including General Atlantic, Sequoia Capital, the Chan-Zuckerberg Initiative, Naspers, Silver Lake and Tiger Global. Many offline classes went online to ensure continuity of education while adhering to social distancing norms. The edtech space has seen strong growth globally, including in India, with the COVID-19 pandemic serving as an inflection point. In July, Byju's had acquired US-based digital reading platform Epic for USD 500 million (around Rs 3,729.8 crore), and had announced an additional USD 1 billion (about Rs 7,459.7 crore) investment over the next three years in the North American market to expand its operations there. In September, Byju's had announced the acquisition of K-12 creative coding platform, Tynker for an undisclosed amount. Launched in 2015, Byju's has over 115 million students cumulatively learning from the app and 7 million annual paid subscriptions. This partnership will help millions of students learn mathematics in an interactive way, in turn making them overcome their fear of math and learn to master it, he added. Our shared passion for learning and teaching resonates with Byju's, making them a perfect partner for our onward journey," Hohenwarter said. "GeoGebra was born out of a passion to help students learn math in a visually appealing and engaging manner. The curriculum is available in multiple languages for students around the world. GeoGebra has a community of over 100 million learners across more than 195 countries, brings together geometry, algebra, spreadsheets, graphing, statistics and calculus in one easy-to-use format. "Together with our combined strengths, we will have a wider reach and the best resources to build innovative and exciting next-generation learning formats," she said.
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