GeoGebra, an educational software from Austria, has been acquired by Byju’s as part of the Indian edtech giant’s continual acquisitions this year.
The terms of the transaction were not disclosed, but an inside source said it involves both cash and stock and is worth $100 million. Byju’s did not respond to multiple requests for comment.
GeoGebra is a free, web-based learning tool that allows instructors to teach mathematics in a more creative and engaging way. Over 100 million students across 195 countries and territories use GeoGebra every year.
The GeoGebra purchase, according to Byju’s, “adds value” to its product strategy. The most valuable Indian startup will combine GeoGebra’s services with its own products in order to make “math more engaging” for kids.
“The GeoGebra team has created a strong and exciting platform that supports BYJU’S goal of providing meaningful learning for kids. It provides a number of engaging tools that adapt to each student’s style and pace of learning, allowing them to learn at their own pace.” Byju’s Chief Strategy Officer Anita Kishore said in a statement.
“At Byju’s, with the help of innovative teaching and technology, we have been making Math fun, visual, and engaging. And with GeoGebra on board, we will continue to further enhance, reimagine and transform the way Math is taught and learned. Together with our combined strengths, we will have a wider reach and the best resources to build innovative and exciting next-generation learning formats,” she added.
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