Digital education company Byju’s has agreed to acquire online exam preparation platform Gradeup. Gradeup has been renamed as Byju’s Exam Prep.
Byju’s did not disclose the financial details of the deal.
The acquisition will be strengthening Byju’s presence in the online competitive examination preparation category. Through the Byju’s Exam Prep offering, the Bengaluru-based startup will cater to students preparing for more than 150 exams across over 25 exam categories, including government jobs and PG Entrance exams like GATE and CAT.
Byju’s already acquired test prep service provider Aakash Educational Services in a near $1-billion deal earlier this year.
In July, Byju’s acquired edtech start-up Great Learning in a $600-million deal.
Byju’s spent another $500 million to acquire US-based kids digital reading platform Epic.
The firm has spent over $2 billion on acquisitions so far this year including Indian rival Toppr which is yet to be officially announced by the company.
“With Gradeup on board, we will be able to further scale and expand our test-prep offerings in postgraduate level exams. Gradeup has already proved its mettle and we are excited to join forces with the seasoned team,” Byju Raveendran founder & CEO, at Byju’s said in a statement.
Valued at $16.5 billion, Byju’s is backed by investors including General Atlantic, the Chan-Zuckerberg Initiative, Naspers, Silver Lake and Tiger Global. The startup claims to service over 100 million registered students including 6.5 million paid learners.