Byju's Acquires Great Learning For $600 Million

Edtech unicorn Byju's today announced the acquisition of Singapore-headquartered Great Learning in a transaction valued at USD 600 million, as well as Toppr for $150 Million. The transaction happened via cash, stock and earnout.

It is speculated the total expenditure by India’s largest unicorn amounted to $2Billion overall in the past six months. The company has also earmarked an additional USD 400 million of investment in the professional and higher education segment to accelerate Great Learning's growth.

Speaking to PTI, the startup said, 'The acquisition marks BYJU'S strong push into the professional upskilling and life-long learning space globally with a total commitment of USD 1 billion, expanding its offerings beyond the K12 and test prep segments, and further accelerating the company's growth plans,' it added.

Great Learning will continue to operate as an independent unit under Byju's group under the leadership of its Founder and CEO Mohan Lakhamraju and Co-founders, Hari Nair and Arjun Nair. While it is based in Singapore, India serves as its largest market.