New Delhi, July 26
Edtech major Byju’s on Monday said it has acquired Singapore-based Great Learning for $600 million (about Rs 4,466 crore), and will invest an additional $400 million to strengthen its position in the professional and higher education segment.
The development comes just days after Byju’s had announced the acquisition of US-based digital reading platform Epic for $500 million (around Rs 3,729.8 crore), and an additional $1 billion (about Rs 7,459.7 crore) investment in the North American market.
Byju’s has acquired Great Learning — a global player in the professional and higher education segment — in a transaction valued at $600 million comprising cash, stock and earnout, a statement said.
Byju’s, which has 100 million registered students on its flagship learning app, has earmarked an additional $400 million of investment into this segment towards accelerating Great Learning’s growth, it added.
To pump in $400m more for growth
The development comes just days after Byju’s had announced the acquisition of US-based digital reading platform Epic for $500 million
It has earmarked an additional $400 million of investment towards accelerating Great Learning’s growth.
PTI
