Byju’s acquires Austria-based Math platform GeoGebra for $100 million
India’s Edtech giant Byju’s has acquired Austria-based GeoGebra in a $100 million deal. The deal is a mix of cash and stock component. GeoGebra will continue to operate as an independent unit under Byju’s leadership.
“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, in a statement.
GeoGebra is a math learning platform that has interactive learning tools and a community of over 100 million learners spread across some 195 countries. The company brings geometry, algebra, spreadsheets, graphing, statistics, and calculus in one easy-to-use format. GeoGebra is available on all popular platforms including Windows, macOS, Linux, Android, iOS, and web.
Buyju’s will integrate GeoGebra’s offerings with its products to make “math more engaging” for its students. The company says that this acquisition “complements” its product strategy.
Buyju’s has also acquired several other companies this year including Tynker, Scholr, Aakash Institute, Hashlearn, Epic, Great Learning, and Gradeup. Buyju’s is actively looking for merger and acquisition opportunities to beat the competition.