Byju’s inching to be the highest valued Indian Startup, in talks to acquire Great Learning and GradeUp for $400 Mn

ByJus Edtech Startup Logo

Indian Edtech giant BYJU’S on the verge of becoming the highest valued Indian startup. The company is about to raise $150 million funding from UBS Group AG at a valuation of $16.6 Bn. The valuation will set Byju’s clinch the top spot, dethroning Fintech Giant Paytm as the highest valued Indian Startup.

Apart from this, BYJU’S is also looking forward to acquiring two edtech startups — Great Learning for $350 million and Gradeup for $50 million, according to the first report by Entrackr.

Great Learning was founded in 2013 by Mohan Lakhamraju. It offers courses across various business intelligence and technology domains such as data science, business analytics, AI/ML, design thinking, cloud computing, cybersecurity, digital marketing and many more.

GradeUp was established in 2015 by Shobhit Bhatnagar, Sanjeev Kumar, and Vibhu Bhushan. It offers test preparation courses across sectors, with banking and SSC prep being the most popular segments. The company claims to be operating over 250K paid subscribers.

As per the Bloomberg Quint report, other than UBS, Byju’s may tap more investors to take the total funding to $400 Mn, which facilitate easier acquisitions of Great Learning and GradeUp.

BYJU’S is already known for its acquisition which gave it more control over the Indian Edtech market space. Byju’s acquired WhiteHat Jr for $300 Mn in 2020, followed by its 2021 acquisition of Aakash Educational Services for a whopping $1 Bn. It is said to be in talk of acquiring its rival, Toppr.

Besides being the highest valued edtech startup in the world, BYJU’S owns a massive user base of 75 million, of which 25 million were added between March 2020 to November 2020. It currently has 4.2 million annual paid subscribers.

The pandemic has served as a great inflection point for the Indian edtech sector. The 2.8 billion market in 2020, is now all geared up to surpass $10 billion by 2025 at an immense growth rate of 39%. Test Preparation, K12 Education, Skill development and Certifications are in high demand in the country and expected to grow massively.

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