Byju’s on Wednesday announced that it has acquired Austria’s online Maths platform GeoGebra. Although the actual size of the deal is still not known, people aware of the matter have claimed that the deal is in the range of $100 Mn. Unconfirmed reports have further claimed that the deal has been transacted through cash and stock deal.
GeoGebra essentially provide tools that helps in making mathematics more interactive and engaging for students. The latest acquisition will help the Bengaluru based startup in strengthening its position in the global k-12 market.
The Austrian company will continue to operate as an independent company
GeoGebra’s acquisition marks Byju’s 10th acquisition of the ongoing year. Buoyed by the huge funding rounds since the outbreak of COVID, the decacorn startup has been on a acquisition spree, spearheading what many people are calling the biggest consolidation in India’s nascent edtech space.
Here is the list of acquisitions that Byju’s has made since the outbreak of COVID
- Great Learning
- Aakash Education
- Whitehat jr
- Math Adventures
- Tutor Vista
Meanwhile, Byju’s has put its IPO plans on overdrive and is likely to bring its public issue in the next six to eight months. People privy to the matter claim that the company has already appointed a investment banker and is planning to seek a valuation of nearly $40-50 Bn through its public issue.