Byju’s Makes Its Fourth Acquisition With Bengaluru-based Maths Learning Startup Math Adventures
Edtech unicorn Byju’s has acquired a Bengaluru-based maths learning startup, Math Adventures for an undisclosed amount. This is fourth acquisition by Byju’s so far. Last year, it acquired two companies from Pearson, TutorVista and Edurite in July 2017 and student assessment platform Vidyartha in January 2017.
Founded in 2012 by husband and wife duo, Ashok Nair and Vidya Jayaraman, Math Adventures helps children learn through a combination of short videos and an activity-based approach that uses workbooks and tablets. It has partnered with 12 schools for classes from pre-KG to the grade eight and is currently imparting maths learning skills to 7000 students. Apart from Bengaluru, the company has expanded its operations to small cities like Mysuru, Tezpur and Jodhpur as well.
Post acquisition, Math Adventures will become a part of the Byju’s content and R&D team.
Investment bank Merisis helped Math Adventures in the deal.
Launched in 2015, Byju’s currently offers learning programs for students in classes 4-12 (K-12) and competitive exams like JEE, NEET, CAT, IAS, GRE and GMAT.
Byju’s which competes with players like Toppr, Embibe, Meritnation, and Simplilearn among others, claimed its unicorn status in March 2018.
Today, edtech startup has also announced the closing of a seed round funding of $180,000 from impact investor Gray Matters Capital under its edLABS initiative.
