New Delhi: Continuing the aggressive acquisition of Sprree, BYJU on Thursday said that it will acquire K-12 coding coding tynker platform for an undisclosed amount, because Edtech Mayor looks more consolidating in the US market in the US market.
In July, BYJU has obtained an epic digital reading platform based on US $ 500 million (around Rs 3,729.8 Crore) and has announced an additional $ 1 billion investment (around Rs 7,459.7 Crore) for the next three years on the market North America to expand its operations.
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In a statement on Thursday, BYJU said signed a definitive agreement to acquire Tynker.
This acquisition will allow Tynker to introduce the creative coding platform to more children, educators, schools, and coding camps globally, he added.
The Tynker creative coding platform has been used by more than 60 million children and 100,000 schools in 150 countries.
Since it was founded in 2013, Tynker has helped children create more than seven billion lines of code.
“Tynker co-firkers Krishna Vedati, Srinivas Mandyam and Kelvin Chong will remain in their role and continue to do Tynker’s mission to provide every child with a strong foundation in computer science, programming, and critical thinking skills,” he said.
Joining Tynker will open the ability for us to bring imagination to live for hundreds of millions of students through coding, the founder of BYJU and CEO BYJU Raveendran.
“Our goal is to turn on love for programming in children globally and we feel strong that the creative coding platform tynker and approach to making fun and intuitive programming for children will make us faster,” he added.
This acquisition will help expand the US trail from Byju’s – which has more than 100 million students on its platform – by providing access to the existing Tynker global user basis.
This partnership is also the key to both brands that have the same vision to democratize access to coding for students, the statement said.
Tynker’s focus is to understand what children are excited – whether it builds the game, makes animation, or modding minecraft – and then creates certain experiences, applications and learning lines that are personalized to empower them to make with code, CEO Krishna Vedati said.
“We wholeheartedly believe that joining the BYJU family can help children at the global level develop parent skills that will serve them well when they advance at school and eventually help prepare them for career in the technical and non-technical fields,” added Vedati.
For half a half years, BYJU’s has acquired two main companies Edtech in the US – Osmo and Epic.
The Edtech room has seen strong growth globally, including in India, with Covid-19 pandemic which functions as a point of inflection.
Many offline classes online to ensure the sustainability of education while holding on to the social dying norm.
BYJU is estimated to have collected around $ 1.5 billion since April last year at several stages.
BYJU’s (Think & Learn Pvt Ltd) is supported by Marquee investors, including General Atlantic, Sequoia Capital, Chan-Zuckerberg initiative, Naspers, Silver Lake and Global Tiger.
Flush with funds, BYJU has been in the acquisition of spree, buying Aakash Educational Services Ltd (AESL) for around $ 1 billion to increase its presence in the test preparation segment in April this year.
In July, he received a great learning of Singapore-headquartered for $ 600 million (around Rs 4,466 Crore), and announced an additional investment of $ 400 million to strengthen his position in the professional and high education segment.
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Previously, BYJU had acquired Tutorvista and Edurite (from Pearson in 2017), Osmo (2019) and the JR Coding Whitehat training platform for $ 300 million last year.