Byju’s has acquired Austria-headquartered GeoGebra, the latest in a series of purchases by the Indian edtech giant this year as it scales its online learning platform across the globe.
Neither of the firms disclosed the terms of the deal, but a source familiar with the matter said the deal size is $100 million and involves both cash and stock. Byju’s declined to comment.
GeoGebra operates an interactive and collaborative mathematics learning tool and reaches over 100 million students across more than 195 countries and territories.
Byju’s said the GeoGebra acquisition “complements” its product strategy. The most valuable Indian startup will integrate GeoGebra’s offerings with its products to achieve make “math more engaging” for its students.
“The GeoGebra team has built a powerful and stimulating platform that complements BYJU’S mission of providing impactful learning for students. Designed to improve mathematical understanding, it offers significant features that provide interactive resources that adapt to every child’s style and pace of learning,” said Anita Kishore, Chief Strategy Officer of Byju’s, in a statement.
“At Byju’s, with the help of innovative teaching and technology, we have been making Math fun, visual, and engaging. And with GeoGebra on board, we will continue to further enhance, reimagine and transform the way Math is taught and learned. Together with our combined strengths, we will have a wider reach and the best resources to build innovative and exciting next-generation learning formats,” she added.
GeoGebra is the latest in a series of purchases Byju’s has made this year as it looks to fill the whitespaces in its offerings. The Bangalore-headquartered startup has also acquired Scholr, Aakash Institute, Hashlearn, Epic, Great Learning, and Gradeup for over $2 billion in cash and equity deals.
This is a developing story. More to follow…
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