Why has Byju’s paid so aggressively to acquire Toppr?

One of the most aggressive in the Indian EdTech market in the last few quarters has been the industry leader, Byju’s. In another recent acquisition in the EdTech sector, the Kerala-based Byju’s will acquire rival Toppr for a huge sum of $150 million. Earlier this year, Byju’s had paid $1 billion to acquire Aakash Education Services.

EdTech firm, Toppr, provides online learning material for students studying between Grade 5 and Grade 12. The company is already backed by marquee names like SAIF Partners and Helion Ventures who have invested in early stage funding for the company. For Byju’s, this acquisition gives them one more inorganic addition to its education portfolio.

Byju’s is already the largest EdTech Company in India by a margin having an indicative valuation of around $11 billion, as per its most recent fund raising exercise. Toppr has 16 million registered students for its content, but the paid subscribers are quite low. The contours of the deal will be announced shortly, but it is expected to be a win-win for both.