Education Employability and Entrepreneurship
India’s EdTech companies are putting the E in education
15 Feb 2021
After being one of the main beneficiaries of the mega
funding rush in the online education sector during the pandemic, ed-tech major
Byju’s is now triggering consolidation in the space. It is set to acquire
smaller rival Toppr in a $150 million deal, sources directly aware of the
matter said.
The deal would be a mix of equity and cash, with a larger
proportion of the latter. Investors have been given the option to either opt
for a cash payout or get a stake in Byju’s parent firm, sources added. The
transaction is expected to close in the next two-three weeks
The full article was originally published on Financial
Express