One of India’s newest unicorns and most valuable education tech startup, BYJU’s, is in talks with four or five US-based companies in edtech segment for possible acquisition in order to speed up company’s global expansion goal.
For acquisitions, BYJU’s will use part of the funds it raised recently including the $540 million fundraise in last month. The Bangalore-headquartered company is aiming to finalize a deal within next six months, said a report by Nikkei Asian Review.
Besides acquisitions, the company is also considering tie-ups with content distribution companies for its platform in order to help BYJU’s launch its operations in a new market. BYJU’s is also looking for products that will have a global offering.
By the July-September quarter, Byju’s will be testing traction in new markets by making its app available in the U.S. and some Commonwealth countries such as the U.K., Australia and New Zealand.
The startup will introduce its signature high-production-value videos and content — which simplify subjects such as math and science for Indian students as young as kindergarten age — for 5- to 8-year-olds in these countries.
The report further said that Byju’s has brought in teachers from English-speaking countries to record videos in its studios in Bangalore. These teachers are chosen from popular educators on YouTube, and Byju’s is hoping their fans will follow them to its learning app.
Byju’s “has aggressive plans for international market expansion and will make bold investments in technology that will help to further personalize learning for students,” according to the company.
A U.S. deal would mark Byju’s fourth acquisition since its launch in 2015.
Currently valued at $3.8 billion, BYJU’s has made three acquisition in India. In July 2017, it acquired Bengaluru-based Math Adventures, a math learning startup, for undisclosed amount. Prior to this, in 2017, it has acquired TutorVista.com and Vidyartha (SPAN Thoughtworks Pvt. Ltd.) — both based out of Bengaluru.