Byju's is close to acquiring Ed tech rival Toppr
According to media reports, India’s biggest e-learning startup, Byju’s, is close to signing a deal to acquire Toppr Technologies Pvt. in a transaction which is said to be worth around $150 million.
Toppr provides online learning materials to students from grades 5 to 12 with backers including SAIF Partners and Helion Ventures.
Byju's has been expanding aggressively to make most of the surge in demand of online education which has been triggered by the pandemic with Toppr being the newest target.
According to media reports, the deal for Toppr is close however it hasn't yet been finalized.