On-line schooling supplier Byju’s introduced on Wednesday that it has acquired Epic, which is a digital studying platform for youngsters, for $500 million, which is round Rs 3,700 crore roughly.
Epic CEO Suren Markosian and co-founder Kevin Donahue will stay of their roles, an announcement issued by Byju’s stated.
The edtech main stated that it’s going to additional make investments $ 1 billion in North America to speed up its imaginative and prescient of serving to college students fall in love with studying.
The taking on of Epic will assist Byju’s develop its footprint in the USA by giving entry to greater than two million academics and 50 million youngsters below Epic’s present consumer base internationally, which has greater than doubled over the past yr.
“Our partnership with Epic will allow us to create participating and interactive studying and studying experiences for youngsters globally. Our mission is to gas curiosity and make college students fall in love with studying. Figuring out that Epic and its merchandise are rooted in the identical mission, it was a pure match. Collectively, we’ve the chance to create impactful experiences for youngsters to grow to be lifelong learners,” Byju Raveendran, founder and CEO of Byju’s stated in an announcement.
The alignment of missions and shared ardour makes Byju’s the proper associate, as Epic is assured that this acquisition will ignite pleasure for studying world wide, Mr Markosian, co-founder of Epic, stated.