Byju’s buys Great Learning for $600 Million to expand its EdTech Services

India's leading digital learning platform Byju's has brought professional training and higher education platform Great Learning for $600 million to accelerate an acquisition spree to expand its EdTech offerings globally. This cash-and-stock purchase marks an entry to the higher education segment for Byju's. The company stated that the Singapore-based Great Learning would receive certain payments based on its future performance, and Byju's will add $400 million more to boost the unit's growth.

India's most valuable startup aims to combine its technology with Great Learning's professional courses in design and cloud computing. The pandemic has boosted online education popularity as students and professionals are now seeking to upgrade their skills while schools and offices have shuttered. With this, Byju's is seizing an opportunity to create a very large EdTech company for the world.

To date, Byju's had 100 million registered students and 6.5 million paid subscribers on its eponymous learning app. The company's courses solve real-world problems through a practical approach, in contrast to traditional learning in universities. Great Learning works with universities in India, including Stanford University and the Massachusetts Institute of Technology.