Byju’s said on Thursday it has acquired California-headquartered Tynker, a leading coding platform for K-12 students, the latest in a series of major purchases as the Indian edtech giant attempts to aggressively expand to international markets.
The companies didn’t disclose the terms of the deal, but a person familiar with the matter told TechCrunch that the Indian firm is spending about $200 million on the acquisition.
Tynker operates an eponymous coding platform. It has established itself as a leader in the space, having amassed over 60 million kids on its platform, Tynker founders told TechCrunch in an interview.
The startup, which gamifies the learning experience to make it more exciting for kids to participate, also maintains partnerships — and has presence in — over 100,000 schools across 150 nations, said Srinivas Mandyam.
Byju Raveendran, founder and chief executive of Byju’s, told TechCrunch in an interview that Tynker’s asynchronous offering fits well within Byju’s current portfolio. India’s most valuable startup acquired WhiteHat Jr, a coding platform that offers synchronous classes, last year in a $300 million deal.
This is a developing story. More to follow…
Source Link Byju’s acquires coding platform Tynker for $200 million in US expansion push
