India: Ed-tech firm BYJU’s acquires personalised guidance platform Vidyartha

Armed with fresh funding of around $65 million, Indian education technology firm BYJU’s has acquired Bengaluru-based Vidyartha, a data-driven platform offering customised learning guidance to students.

“This acquisition strengthens BYJU’s efforts to create highly personalized learning experiences for the students using the application,” the company said in a release.

While the company did not disclose the financial details of the deal, a Times of India report pegs the value at close to Rs 50 crore ($7.4 million).

Last year, BYJU’s, which is owned by Think and Learn Pvt. Ltd, raised around $15 million from World Bank arm International Finance Corp, prior to which it had raised $50 million from the Chan Zuckerberg Initiative, a personal fund set up by Facebook Inc. founder Mark Zuckerberg and his wife Priscilla Chan, and existing investors Sequoia Capital, Belgian investment firm Sofina SA, Lightspeed Venture Partners and Times Internet Ltd.

The company, founded by Byju Raveendran in November 2011, provides learning programmes for students of Classes VI to XII and for competitive examinations such as JEE, CAT, IAS, GRE and GMAT, among others.

Vidyartha started as a career guidance platform for students and later began academic profiling of students by partnering with schools. It now offers a full-fledged assessment platform that goes beyond the report card of a student and assesses their interests, personality traits, aptitudes and skills through its proprietary assessments, and uses this data to form a personalised learning plan (PLP) for them.

“We could not have found a more complimentary fit. While Vidyartha focuses on deep profiling students, creating their Personalized Learning Plan and highlighting their learning gaps, BYJU’S addresses these gaps and completes the loop. Together, it is a complete and seamless solution for the students,” Vidyartha co-founders Navin Balan and Priya Mohan said.

This partnership will help the BYJU’s to develop and create highly personalised learning experiences for students using the learning app.

“As India’s largest ed-tech company, we are constantly innovating to create highly personalized learning products and Vidyartha will supplement our efforts in doing so,” said Byju Raveendran, Founder & CEO of BYJU’s The Learning App.

Also Read:

India: Byju’s raises $50m from Chan Zuckerberg Initiative, others

Indian edtech startup Byju’s raises $75m from Sequoia, Belgian Sofina

Exclusive: IFC to invest $15m equity in Indian edtech firm Byju’s ongoing round

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Singapore Reporter/s

In Singapore, we are looking to double our reporting team by this year-end to comprehensively cover the fast-moving world of funded startups and VC, PE & M&A deals. We want reporters who can tell our readers what is really happening in these sectors and why it matters to markets, companies and consumers. The ability to write precisely and urgently is crucial for these roles. Ideal candidates must have to ability to work in a collaborative, dynamic, and fast-changing environment. We want our new hires to be digitally savvy and ready to experiment with new forms of storytelling. Most importantly, we are looking for hard-hitting reporters who work well in a team. Collaboration and collegiality are a must.

Following vacancies can be applied for (only in Singapore).

Following vacancies can be applied for (only in Singapore).   

  • A reporter to track companies/startups that have raised private capital, and have the potential to become unicorns. SEA currently has over 40 companies with a valuation of over $100 million and under $1 billion.
  • A reporter who can get behind the scenes and reveal how funding rounds are put together, or why they’ve failed to materialise. She/he in this role will largely focus on long-format stories. 
  • A journalist to track special situations funds, distressed debt and private credit (from the PE angle) across Asia.