BYJU'S
Acquisitions
8
Major Deals Covered
$2.8B
Disclosed Deal Value
BYJU'S's largest disclosed acquisition here is Aakash Educational Services for $950M in 2021. This page covers 8 major deals from 2019 to 2021, each with its price where disclosed and the reason behind it.
| Company | Year | Price | Purpose |
|---|---|---|---|
| Tangible Play (Osmo) | 2019 | $120.0M | Bought the US maker of Osmo, whose camera-and-reflector kits turn physical play into iPad learning games, as BYJU'S first step into the US market. |
| WhiteHat Jr | 2020 | $300.0M | Bought the live one-to-one coding classes platform for children as school closures pushed demand for online classes. |
| Aakash Educational Services | 2021 | $950.0M | Bought India's large NEET and JEE classroom coaching chain to combine offline centres with BYJU'S online content. |
| Epic! | 2021 | $500.0M | Bought the US digital reading library for children under 12, used in many American elementary classrooms, in cash and stock. |
| Great Learning | 2021 | $600.0M | Bought the Singapore-headquartered professional and higher education platform in a deal of cash, stock and earnout. |
| Toppr | 2021 | $150.0M | Bought the Mumbai after-school learning and doubt-solving app, announced alongside Great Learning in a combined $750 million of deals. |
| Tynker | 2021 | $200.0M | Bought the US coding education platform for children to add to WhiteHat Jr in the US. |
| GeoGebra | 2021 | Undisclosed | Bought the Austrian maths software used worldwide for geometry, algebra and graphing. |
2021
$950M
Bought India's large NEET and JEE classroom coaching chain to combine offline centres with BYJU'S online content.
Made BYJU'S the owner of one of India's biggest test-prep networks and its main source of classroom revenue.
No longer controlled by BYJU'S. The two sides settled their rights issue dispute before the NCLT in September 2026 on undisclosed terms.
2021
$500M
Bought the US digital reading library for children under 12, used in many American elementary classrooms, in cash and stock.
Gave BYJU'S its largest US consumer and classroom audience.
Sold to TAL Education for $95 million in a sale approved by a US bankruptcy court on 20 May 2025.
2021
$600M
Bought the Singapore-headquartered professional and higher education platform in a deal of cash, stock and earnout.
Took BYJU'S into adult upskilling and university-linked programmes; Great Learning was run separately by its founders.
Founder Mohan Lakhamraju struck a cash deal in early 2024 to buy back full control after the cash part of the original deal was not paid.
2021
$150M
Bought the Mumbai after-school learning and doubt-solving app, announced alongside Great Learning in a combined $750 million of deals.
Removed a direct K-12 rival and added its content and users.
Still held by Think and Learn and offered to bidders in the insolvency process.
2021
$200M
Bought the US coding education platform for children to add to WhiteHat Jr in the US.
Added a school-focused coding curriculum in the US.
Sold to CodeHS for $2.2 million in cash in a sale approved by a US bankruptcy court in May 2025.
2021
Bought the Austrian maths software used worldwide for geometry, algebra and graphing.
Added a free maths tool with a large global user base of students and teachers.
Still held by Think and Learn and offered to bidders in the insolvency process.
2020
$300M
Bought the live one-to-one coding classes platform for children as school closures pushed demand for online classes.
Added an international, paid live-class business in India, the US and other markets.
Demand fell after the pandemic and the business was cut back. It is still held by Think and Learn and was offered to bidders in the insolvency process.
2019
$120M
Bought the US maker of Osmo, whose camera-and-reflector kits turn physical play into iPad learning games, as BYJU'S first step into the US market.
Gave BYJU'S a US product and team ahead of its larger American deals.
Became part of the US business tied up in the BYJU'S Alpha bankruptcy proceedings; no separate sale price has been reported.
There is no growth strategy in the usual sense. Since July 2024 the business has been run by an insolvency professional whose job is to preserve value and sell the company or its assets. Steps so far include selling surplus inventory and equipment, pursuing the Aakash stake and inviting bids for the remaining brands. An August 2026 auction of assets linked to a subsidiary was frozen by the NCLT after claims that goods worth about Rs 150 crore had been sold for about Rs 16 crore.
BYJU'S made most of its money selling multi-year learning packages, not app subscriptions. Free lessons in the app generated leads, and a large field sales team visited families to sell courses bundled with tablets and SD cards, often paid for through loans arranged with NBFC lenders. In FY2020, sales of tablets and SD cards loaded with course content brought in Rs 1,676 crore, or 70.4% of operating revenue; reference books added 23.5% and tuition and service fees the rest. After the 2020-21 acquisitions the group also earned classroom fees through Aakash and BYJU'S Tuition Centres, subscriptions through Epic in the US, and course fees through WhiteHat Jr and Great Learning. Criticism of hard selling and the end of NBFC loan partnerships later squeezed collections.
Its main deals were Osmo ($120 million, 2019), WhiteHat Jr ($300 million, 2020), and in 2021 Aakash (about $950 million), Great Learning ($600 million), Epic ($500 million), Tynker ($200 million), Toppr (about $150 million) and GeoGebra.
Only a minority stake. Think and Learn's recorded holding was 13.72% on 31 March 2026, while Manipal Health Systems held 63.95%. The two settled a rights issue dispute before the NCLT in September 2026.
A US bankruptcy court approved the sale of Epic to TAL Education for $95 million on 20 May 2025, four years after BYJU'S paid $500 million for it.
Founder Mohan Lakhamraju bought back full control in a cash deal in early 2024 after the cash part of the original $600 million deal was not paid.
The resolution professional invited bids for all of Think and Learn or for parts, including its Aakash stake, GeoGebra, WhiteHat Jr and Toppr.
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