Byju’s Expands Abroad with Tynker
As India’s most valuable edtech business continues to expand abroad, Byju’s has purchased Tynker, a US-based coding platform, in a stock-and-cash deal.
The financial parameters of the deal were not published, but a source close to the situation stated Byju’s was paying $150-$200 million (Rs 1,100-1,470 crore) for Tynker. Tynker will be able to provide its creative coding platform to more kids, educators, schools, and coding camps around the world as a result of the acquisition, according to a statement released by Byju’s on Thursday.
In the previous several months, the Bengaluru-based startup has spent more than $2 billion on acquisitions in India and internationally. With this Byju will have access to more than 60 million students and 100,000 schools in Tynker’s existing global user base as a result of the acquisition.
Pic Courtesy: google/ images are subject to copyright
