Continuing its aggressive acquisition spree, Byju’s on Wednesday said it has acquired Austria-headquartered GeoGebra.
The acquisition will allow the domestic edtech company – which has 115 million students on its learning platform – to integrate GeoGebra’s capabilities into its existing math portfolio to enable the creation of new product offerings and learning formats, said a statement. will gain help in.
However, the company did not disclose the price of the deal.
This acquisition complements Byju’s overall product strategy and advances Byju’s objective of making mathematics more engaging, leading to better learning outcomes.
GeoGebra – a dynamic, interactive and collaborative math learning tool – will continue to operate as an independent entity within the Byju Group led by its founder and developer, Markus Hohenwerter.
Chief of Byju’s said, “The GeoGebra team has created a powerful and stimulating platform that fulfills Byju’s mission of providing impactful education for students. Designed to improve mathematical understanding, it provides key features provides interactive resources tailored to every child’s style and pace of learning.” Strategy Officer Anita Kishor said.
Kishor said that with GeoGebra, the company will “continue to advance, reinvent and transform the way we teach and learn math”.
“With our combined strengths, we will have a wider reach and the best resources to create new and exciting formats of learning for a new generation,” she said.
GeoGebra has a community of over 100 million learners in more than 195 countries, bringing together geometry, algebra, spreadsheets, graphing, statistics and calculus in one easy-to-use format. The curriculum is available in multiple languages to students around the world.
Hohenwerter said, “GeoGebra was born out of a passion for helping students learn math in a visually appealing and engaging way. Our shared passion for learning and teaching resonates with Byju’s, helping them look forward to our onward journey. become an ideal partner.”
He said that this partnership will help lakhs of students learn mathematics in an interactive manner, helping them overcome their fear of maths and master it.
Launched in 2015, Byju’s has over 115 million students cumulatively learning from the app and 7 million annual paid subscriptions.
In September, Byju’s announced the acquisition of K-12 creative coding platform Tyker. In July, Byju’s acquired US-based digital reading platform Epic for $500 million (about Rs 3,729.8 crore), and for an additional $1 billion (about Rs 7,459.7 crore) over the next three years to expand its North American market. investment was announced. operating there.
The edtech space has seen strong growth globally, including in India, with the COVID-19 pandemic acting as an inflection point. Several offline classes went online to ensure continuity of education while adhering to social distancing norms.
Byju’s (Think & Learn Pvt Ltd) is backed by marquee investors including General Atlantic, Sequoia Capital, Chan-Zuckerberg Initiative, Naspers, Silver Lake and Tiger Global.
Flush with funds, Byju’s is on an acquisition spree, buying Aakash Educational Services Ltd (AESL) for around $1 billion in April this year to strengthen its presence in the test preparation segment.
In July, it acquired Singapore-headquartered Great Learning for $600 million (about Rs 4,466 crore), and announced an additional $400 million investment to strengthen its position in the professional and higher education segment. After that, it acquired Epic.
Previously, Byju’s had acquired TutorVista and Edurite (from Pearson in 2017), Osmo (2019) and coding training platform WhiteHat Junior for $300 million last year.
(Except for the title, this story has not been edited by NDTV staff and is published from a syndicated feed.)
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