Byju’s acquires GeoGebra for $100 million

New Delhi: Byju’s has acquired the Austria-headquartered startup GeoGebra, the latest in a series of purchases by the Indian edtech giant this year as it scales its online learning platform across the globe. A source familiar with the matter said the deal size is about $100 million and includes both cash and stock.

Eight-year-old GeoGebra operates an interactive and collaborative mathematics learning tool and reaches over 100 million students across more than 195 countries and territories. The platform offers its service to enterprises as well as philanthropic nonprofit organizations, the latter of which accesses GeoGebra at no charge. Byju’s said GeoGebra’s current apps and web services will continue to be available for free after the acquisition.

“GeoGebra was born out of a passion to help students learn math in a visually appealing and engaging manner. Our shared passion for learning and teaching resonates with BYJU’S, making them a perfect partner for our onward journey. I am confident that this partnership will help millions of students learn mathematics in an interactive way, in turn making them overcome their fear of math and learn to master it,” said Markus Hohenwarter, Co-Founder of GeoGebra.

Byju’s said the GeoGebra acquisition “complements” its product strategy. The most valuable Indian startup will integrate GeoGebra’s offerings with its products to make “math more engaging” for its students.

Anita Kishore, Chief Strategy Officer of Byju’s, said, “The GeoGebra team has built a powerful and stimulating platform that complements BYJU’S mission of providing impactful learning for students. Designed to improve mathematical understanding, it offers significant features that provide interactive resources that adapt to every child’s style and pace of learning. At Byju’s, with the help of innovative teaching and technology, we have been making Math fun, visual, and engaging. And with GeoGebra on board, we will continue to further enhance, reimagine and transform the way Math is taught and learned. Together with our combined strengths, we will have a wider reach and the best resources to build innovative and exciting next-generation learning formats.”