BYJU’S Acquires Great Learning for $600 million
The move combines BYJU’S leadership in education technology and content with Great Learning’s expertise in upskilling for students and professionals
BYJU’S with 100 million registered students on its flagship learning app today acquired Singapore headquartered Great Learning, a leading global player in the professional and higher education segment in a transaction valued at USD 600 million comprising cash, stock and earnout. It has earmarked a further $400 million of investment into this segment towards accelerating Great Learning’s growth. The acquisition marks BYJU’S strong push into the professional upskilling and life-long learning space globally with a total commitment of $1 billion, expanding its offerings beyond the K12 and test prep segments, and further accelerating the company’s growth plans.
This partnership brings together BYJU’S technology and content expertise with Great Learning’s sought-after professional courses at a significant time when the COVID-19 pandemic and evolving industry dynamics have encouraged professionals in India and globally to upskill themselves.
Great Learning will continue to operate as an independent unit under the BYJU’S group under the leadership of its Founder and CEO, Mohan Lakhamraju and co-founders, Hari Nair and Arjun Nair. With this substantial investment, Great Learning will accelerate its organic and inorganic growth in India and across global markets and expand its high-quality, transformational offerings to learners everywhere.
For BYJU’S, this acquisition reiterates the company’s focus on creating impactful learning products for students by adding more verticals, subjects, and languages to the same platform.
Launched in 2015, BYJU’S is the leader in offering personalized learning programs for school students in India. With over 100 million students cumulatively learning from the app, 6.5 million annual paid subscriptions, and an annual renewal rate of 86 per cent, the app creates personalized learning programs for individual students based on their proficiency levels and capabilities which help them learn at their own pace and style. In just 6 months during the lockdown, BYJU’S has added 45 million new students to its platform.
Around The World