After acquiring Aakash Educational Services for $1-billion, Byju’s has taken over US-based digital reading platform Epic for $500 million (around Rs 3,729.8 crore).
Byju’s will also invest another $1 billion (about Rs 7,459.7 crore) in the North American market.
In a statement the edtech major has announced that it has acquired Epic, a digital reading platform for kids aged 12 years and under, in a $500-million deal.
The acquisition will help Byju’s expand its footprint in the US by providing access to the over two million teachers and 50 million kids in Epic’s existing global user base, which has more than doubled over the last year, it added.
The statement also mentioned that Epic CEO Suren Markosian and co-founder Kevin Donahue will remain in their roles.
Epic has a collection of over 40,000 books, audio books and videos from more than 250 of the world’s best publishers. It has made access free to educators, and over two million teachers have signed up for classroom use.
