How have edtech major Byju's acquisitions panned out?

 Byju's recently acquired Austrian math learning company GeoGebra. How have the startups acquired by BYJU's have performed since their take over? Let's understand this in our next report

The world’s highest-valued tech company, Byju’s, has gone on a shopping spree of sorts with an aim to build an ed-tech empire outside of India, encompassing everything from K12 to test preparation to courses for mid-career professionals. 

Byju’s, valued at $18 bn, has been gobbling up smaller startups with niche offerings for the last two years, capitalizing on the massive shift to online learning that we have witnessed amid the pandemic. This week, the company acquired the Austrian math-learning platform GeoGebra for around $100 mn.

A maximum of nine acquisitions took place in 2021. Last year, Byju’s acquired two companies. In 2019, it took over US’s Osmo for $120 mn. In 2018, it acquired the math learning platform Math Adventures. In 2017, it took over TutorVista and Edurite from UK-based Pearson and Vidyartha.

This year alone, Byju’s has spent around $2.4 bn in acquisitions. The company’s chief strategy officer, Anita Kishore, has talked about how acquisitions as an inorganic growth route have worked well for the company. Let us look at how some of Byju’s acquired startups are doing. 

Byju’s acquired Osmo in 2019 to tap into the US market. 

Osmo’s revenue was about $25 million at that time. It has now grown four times in two years to around $110 million.