![]() ![]() In addition to buying Epic, Byju’s also acquired Aakash Educational Services, a physical coaching center company, for nearly $1 billion. Their company now has a valuation of $16.5 billion, and it recently raised $1.5 billion in funding to make its acquisitions. They now have more than 100 million users and 6 million paying subscribers for their service. They launched their online learning products for high school students in 2015, and now they’ve taken the offline products to online learning via Osmo. Raveendran used to teach math offline to 25,000 students at a time in a big stadium in Bangalore, and both founders believed that digital learning could be so much more efficient. in 2019 it paid $120 million for U.S.-based Osmo, a startup that I’ve covered from the launch of its first iPad-based learning product in 2014.īyju’s got started in 2011 after its founders - the husband-and-wife team Byju Raveendran and Divya Gokulnath - saw the edtech opportunity would be big. ![]() migrationīyju’s made its first move into the U.S. It’s also complementary the other way around, where we have multiple other offerings through Osmo with our learning apps and the product we launched with Disney last week.” Big U.S. and scale across the K-eight grade, Epic made sense as the largest reading platform globally. “Once we decided that we want to launch in the U.S. So I’m aware of this platform,” Raveendran said. “My son has been using it for the last 2.5 years. That’s what made Redwood City, California-based Epic so valuable to Byju’s, which is all about trying to bridge the learning gaps for children around the world, said Raveendran. ![]() Now Epic has more than 40,000 digital books that more than 50 million kids have engaged with in the past year. The company cut deals to make digital versions of books with more than 250 book publishers. “Our mission is to create this platform that enables kids to perform live reading that puts the right book in front of the right child and turns everybody into a reader.” “We had this vision and idea that we can bring books to kids through technology and that we can reach all the kids in the world and get them to love reading,” Markosian said in an interview with GamesBeat. ![]()
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