/ciol/media/agency_attachments/c0E28gS06GM3VmrXNw5G.png)
Follow Us/ciol/media/post_banners/wp-content/uploads/2021/02/Byjus-and-Toppr.jpg)
After Byju's acquired WhiteHat Jr and Aakash Institute (reportedly), the EdTech giant is in late-stage talks to acquire EdTech Toppr, according to reports. The $150 Mn deal will be the Unicorn's third-largest deal; it acquired Whitehat in a $300 Mn all-cash deal and Aakash institute for $1 Billion. If the deal comes through, Byju's will move way ahead of its major competitors Unacademy and Vedantu.
According to the Entracker report, the deal for the acquisition of Toppr is close but it has not yet been finalized. In fact, with Byju's aggressive expansion in both online and offline space, it has precedented its fate of becoming one of the largest growing startups in India.
Byju's has declined to comment on the same. A request for comment from Toppr has not received any response. We will update the story in case of any changes.
About Toppr
Toppr is one of India’s leading after-school learning app. It aims to personalise learning and cater to the individual learning styles of candidates. The startup provides one of the broadest range of K12 syllabus coverage with thousands of course combinations.
The startup currently has over 35 million monthly active users on its platform. Toppr has a repository of 2 million questions which helps solve over 9M doubts every month. It also uses AI-ML-BD to study student behaviour and create adaptive learning paths. This ensures that every student has a unique and personalised learning experience. Students can also prepare for JEE and NEET on the platform.
Toppr's flagship idea Toppr Codr is a direct competition to WhiteHat Jr. To date, Zishaan Hayath's company has raised over $93 million, including a $46 million Series D round in July 2020 across equity and debt rounds.
About Byju's
Byju’s was founded by Byju Raveendran, a former teacher and the son of educators, who conceived the smartphone app in 2011. The app caters to students from kindergarten to the 12th grade and has been adding over 5 million users a month. The app provides lessons in maths and science through video animations and games.
India has about 250 million students in the K-12 grades. Byju's app has around 70 million registered students and 4.5 million annual paid subscribers, as per the company. The company has doubled its revenue to Rs 2,800 crore in FY19-20 from Rs 1,430 crore in the previous fiscal.