The edtech startup, Byju’s is all set to take over US-based Tynker. This acquisition will help the edtech platform to consolidate itself as a leader in the K12 segment. This is the second acquisition in the coding segment after Byju’s acquired Whitehat Jr for $300 Mn in August 2020.
In 2021 alone, the 416.5Mn startup has acquired half a dozen companies by spending over $2 Billion. These range from upskilling, schooling, college education and competitive exams. Since its foundation, this will be its fifteenth acquisition. This comes a year and a half earlier than when Byju’s is planning to go public.
In 2012, Tynker was founded by Srinivas Mandyam, Krishna Vedati, and Kelvin Chong in California. It teaches children aged between five and 18 how to develop coding skills including creative coding, Minecraft, among others. Tynker claims to have reached 60 million students across 90,000 schools, giving Byju’s a strong foothold in North America.
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