Express News Service
BENGALURU: Byju’s, a 10-year-old start-up and India’s most valued firm ($16.5 billion) has spent close to $3 billion in acquiring smaller companies over the last two years. Of the 12 acquisitions the Bengaluru-based firm has made so far, 7 came in during the last six months worth over $2 billion. On Monday, the edtech firm announced acquisition of Singapore-headquartered upskilling platform Great Learning for$ 600 million in a stock-cash mix deal.
It has also earmarked another $400 million for building the capabilities of Great Learning, which the company said, marks Byjus’ strong push into the professional upskilling and life-long learning space globally with a total commitment of $1 billion, expanding its offerings beyond the K12 and test prep segments, and further accelerating the company’s growth plans.