Education and Employability
India’s edtech companies are putting the e in education
15 Feb 2021
1 min read
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