Byju's to buy Toppr for $150 million



  • India’s largest edtech startup Byju’s is all set to acquire rival Toppr in a deal that is valued at $150 million

  • The two companies have been in talks for the past two months and that a deal could be finalised sometime soon.

  • If the deal goes through, Byju’s will get access to Toppr’s base of subscribers and related user data.

  • Byju’s can use the data to launch more relevant products and tailor the existing ones to cater to the market better.

  • The deal would comprise of cash and equity, with cash dominating more

  • In August 2020, it previously acquired coding for kids startup WhiteHat Jr for $300 Mn and then in January this year, it acquired brick-and-mortar test preparation company Aakash Educational Services for $1 Bn.

About Toppr

  • Toppr was founded in 2013 by IIT Bombay alumni Zishaan Hayath and Hemanth Goteti.

  • It has raised about $112 Mn across 11 founding rounds from marquee investors like Kaizenvest, Foundation Holdings, Milestone Trustee Services, Alteria Capital, eight Roads Ventures and WGG International.