Edtech unicorn Byju’s is continuing its acquisition spree by acquiring after-school learning app Toppr and upskilling platform Great Learning in a cash and stock deal. Byju’s is shelling out $600 million to acquire Great Learning and another $150 million for the acquisition of Toppr. With this, Byju’s has acquired six startups in 2021, across India and the US.
The country’s highest valued startup recently acquired US-based Epic for $500 million to boost its overseas business, after acquiring brick-and-mortar coaching network Aakash Institute for close to $1 billion.
Byju’s has now spent more than $2 billion on acquisitions over the last six months, triggering consolidation in an industry that has gained due to the pandemic.
With the acquisition of Great Learning, Byju’s will enter the upskilling and reskilling segment, which already sees heavy competition from upGrad and Blackstone-backed Simplilearn. The acquisition is also expected to increase Byju’s offerings for the international markets.
With this acquisition, the startup has presence in three verticals—schools, test prep and the higher education and upskilling segment.