Byju’s acquires Epic for $500 mn

Chennai: Byju’s said it has acquired California-headquartered reading platform Epic for $500 million.

This is its second-biggest buyout after brick-and-mortar coaching network Aakash Institute, which it snapped up earlier this year for nearly $1 billion.

Byju’s said that the acquisition of Epic that caters to children aged 12 and under will help broaden its footprint in the US as the firm will get access to Epic’s rich global user base that is said to have doubled over the last year and now comprises more than two million teachers and 50 million children.

 

NT Bureau