BYJU'S expands its footprint in the United States, acquires Epic for $500 million

The BYJU'S will expand its footprint in the United States with the help of the acquisition, and it will provide access to more than two million teachers and 50 million kids of Epic's user base.

Tesla India officials meet MoRTH secretary in Delhi for a test drive
Image source: BYJU'S Facebook

The Indian educational company BYJU'S has gained US-based reading app Epic for $500 million. The reading app is a collection of 250 biggest publishers consisting of 40,000 books and original stories. The BYJU'S will expand its footprint in the United States with the help of the acquisition, and it will provide access to more than two million teachers and 50 million kids of Epic's user base.

The education tech company has aggressive plans for international and US market expansion. The acquisition will bring America's learning culture, it will also lead to significant investment in technology which will help to personalized learning for students. The multinational company has over 100 million students on its platform worldwide and is looking forward to investing $1 billion in North America in the next few years. It will be the second high-profile acquisition by BYJU'S in the United States. 

In this pandemic, e-learning became the new norm BYJU'S witnessed a phenomenal run hence the company is on a buying spree. Later this year, the brick-and-mortar coaching network Aakash Institute was acquired for $1 billion by the company. It also took over WhiteHat Jr for $300 million last year.