Byju's acquires Austrian-based EdTech start-up GeoGebra

GeoGebra will continue to operate as a separate entity, with a dynamic, interactive, and collaborative mathematics learning tool.

Byju's said on Wednesday that it has bought Austria-based GeoGebra, continuing its aggressive acquisition spree.

According to a release, the acquisition will enable the domestic edtech business - which has 115 million students on its learning platform - to incorporate GeoGebra's skills into its existing mathematics portfolio, allowing it to create new product offers and learning formats.

The deal's value, however, was not disclosed by the corporation.

This acquisition fits with Byju's overall product strategy and advances the company's goal of making math more entertaining, which leads to improved learning results, according to the company.

Under the direction of its founder and developer Markus Hohenwarter, GeoGebra, a dynamic, interactive, and collaborative mathematics learning tool, will continue to operate as an independent entity within the Byju's company.

"The GeoGebra team has created a dynamic and engaging platform that supports Byju's aim of providing students with meaningful learning opportunities. It has major features that provide interactive resources that adapt to each child's learning style and pace, and it is designed to promote mathematics knowledge "Anita Kishore, Byju's Chief Strategy Officer, stated.

With GeoGebra on board, Kishore says the company will "continue to improve, reinvent, and revolutionize the way Math is taught and learned."

"We will have a greater reach and the greatest resources to produce creative and engaging next-generation learning formats along with our combined strengths," she said.

Byju's is on an acquisition spree, purchasing Aakash Educational Services Ltd (AESL) for nearly $1 billion in April this year to expand its footprint in the test preparation industry.

In July, it announced the acquisition of Singapore-based Great Learning for $600 million (about Rs 4,466 crore) and a $400 million investment to bolster its position in the professional and higher education category. After that, it bought Epic.