Byju's has been on an acquisition spree from last one year . Byju has acquired WhiteHat Jr, Aakash Educational Services, Scholr and is in advanced talks to acquire Toppr, Great Learning and Gradeup to name few good acquisations.
BYJU’S was founded in 2011 and has seen steady growth. It has won several accolades in the education sector and garnered the attention of noteworthy investors from across the globe. In its journey of making quality education available for all, BYJU’S acquired educational companies that aligned with its values.
Technological advancements have deeply influenced the education sector. The transition from traditional classrooms to online classes and blended learning has become the way forward for educational institutions and companies alike. BYJU’S, too, the homegrown Indian company has brought together India’s best teachers, personalised learning programs and cutting-edge technology to make quality learning accessible to all.
Some of its well-known acquisitions are
TutorVista, Edurite from Pearson
In July 2017, BYJU’S acquired TutorVista, Edurite from Pearson. It is one of the largest online tutoring brands catering to school and college students, majorly in The United States of America.
Osmo
In January 2019, BYJU’S acquired US-based Osmo for $120 million. Osmo is famous for its blended learning educational games crafted for children aged 3-8 years. They have been pivotal in creating ‘play-based learning’ for young children. This acquisition has been at the core of BYJU’S offering of Disney.BYJU’S Early Learn.
WhiteHat Jr.
In July 2020, BYJU’S acquired WhiteHat Jr. for $300 million which teaches online coding to students through live lessons and interactive classes.
BYJU’S aims to provide quality education to students through its online learning programs. Each of the companies acquired BYJU’S has brought unique value to their content and offerings. During the COVID-19 Pandemic, BYJU’S provided access to all their content for free of cost. It also launched online live classes for students to help them in their studies. This latest offering, known as BYJU’S Classes, has helped students build a study routine for themselves and continue learning while the schools were closed.
Byju’s has now acquired another startup in its space. It has acquired HashLearn, an online coaching platform for competitive exams.
“Byju’s acquired HashLearn two-three months ago and both co-founders Jayadev Gopalakrishnan and Gokul Janga have joined Byju’s,” . HashLearn’s balance sheet for the period FY 19-20 shows that the company was in dire straits financially. It had outstanding losses of Rs 3.5 crore which had caused complete erosion of its net worth. Its revenue from operations had also dropped by 90% from Rs 2.38 crore in FY19 to only Rs 24.02 Lakhs in FY20.
The company had also reduced its annual expenditure by 52.02% to Rs 2.02 crore in FY20 and still lost Rs 1.76 crore during the same period.
HashLearn was a part of Google’s Launchpad Accelerator program in November 2016. The company had also raised its undisclosed seed round from Binny Bansal, Anupam Mittal, Rajan Anandan, Bhavish Aggarwal, Sunil Kalra, Singapore Angel Network and others in March 2016.
The acquisition will strengthen Byju’s dominance in the segment where parents usually spend large amounts on their children’s education. The company had splurged over $1.3 billion on acquisitions in the past year.
