Byju’s Eyes US Expansion with $500 million Epic Acquisition

Indian edtech startup Byju’s has announced the acquisition of the US-based reading platform Epic. The latter is a popular digital reading platform for kids under-12. The cost the acquisition is $500 million. This acquisition is being seen as a move by Byju’s to expand in the US.

This move by Byju’s is part of its plans of developing in North America where it plans to invest $1 billion. Acquisition of Epic is a good move by Byju’s. Epic’s global user base has 2 million teachers and 50 million kids. The reading platform is designed incredibly. It allows kids to personalize reading themselves.

Epic has so far raised $51 million in funding to date and has 150 employees on its payroll. The company’s CEO Suren Markosian and co-founder Kevin Donahue will remain in their roles at Epic post the acquisition.

Prior to this acquisition, Byju’s has made some other big investments recently, including a $300 million acquisition of White Hat Jr and Aakash Educational Services for almost a billion dollars. The Epic acquisition will further expand its products portfolio and bring fresh expertise onboard to expand in North America.