Edtech giant Byju’s acquires Austrian math learning platform GeoGebra.
- ByStartupStory | December 9, 2021
Indian edtech giant Byju’s has acquired Austrian-based mathematics learning app GeoGebra in the latest series of purchases.The deal size was about $100 million in cash and stock, according to sources of TechCrunch.
GeoGebra is an eight-year-old software platform that operates an interactive and collaborative mathematics learning tool and reaches over 100 million students across more than 195 countries and territories. The platform also has a waiver of fee for philanthropic non-profit organizations. Byju’s mentioned that GeoGebra’s current apps and web services will continue to be available for free after the acquisition.
On the acquisition, Byju’s Chief Strategy Officer Anita Kishore said, “The GeoGebra team has built a powerful and stimulating platform that complements BYJU’S mission of providing impactful learning for students.At Byju’s, with the help of innovative teaching and technology, we have been making Math fun, visual, and engaging. And with GeoGebra on board, we will continue to further enhance, reimagine and transform the way Math is taught and learned. Together with our combined strengths, we will have a wider reach and the best resources to build innovative and exciting next-generation learning formats”
The Bangalore-headquartered startup has also acquired Tynker, Scholr, Aakash Institute, Hashlearn, Epic, Great Learning and Gradeup, among others, for over $2 billion in cash and equity deals, this year.
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