11/25/2023 0 Comments Byju austriabased geogebra 100mIt’s one of those ideas that if it takes off, will appear obvious in hindsight. Synthesia’s bet on corporate avatars: Jordan Crook wrote up a $50 million round for a startup betting on synthetic avatars and the work of turning PowerPoints into videos.Surely he will shape up now and stop committing such epic gaffes. He went viral, amazingly, with TikToks cropping up mocking his pretty sucky way of firing a bunch of folks before the holidays. That awful CEO is sorry about how he fired you:By now you have seen the video of CEO Vishal Garg firing a big chunk of his staff in a stilted video call, despite having pulled forward hundreds of millions of dollars from a future fundraise to finance his company’s operations.Byju’s buys Austrian edtech startup GeoGebra:Indian edtech giant Byju’s is once again buying a smaller company, this time GeoGebra, or what TechCrunch described as an “interactive and collaborative mathematics learning tool.” We reported the purchase price as around the $100 million mark. Subscribe on YouTube.Image Credits: TechCrunch The TechCrunch Top 3 Check Business Breaking News Live on Zee Business Twitter and Facebook. Get Latest Business News, Stock Market Updates and Videos Check your tax outgo through Income Tax Calculator and save money through our Personal Finance coverage. Previously, Byju's had acquired TutorVista and Edurite (from Pearson in 2017), Osmo (2019) and coding training platform WhiteHat Jr for USD 300 million last year. In July, it acquired Singapore-headquartered Great Learning for USD 600 million (about Rs 4,466 crore), and announced an investment of an additional USD 400 million to strengthen its position in the professional and higher education segment. Many offline classes went online to ensure continuity of education while adhering to social distancing norms.īyju's (Think & Learn Pvt Ltd) is backed by marquee investors, including General Atlantic, Sequoia Capital, the Chan-Zuckerberg Initiative, Naspers, Silver Lake and Tiger Global.įlush with funds, Byju's has been on an acquisition spree, buying Aakash Educational Services Ltd (AESL) for about USD 1 billion to bolster its presence in the test preparation segment in April this year. The edtech space has seen strong growth globally, including in India, with the COVID-19 pandemic serving as an inflection point. In July, Byju's had acquired US-based digital reading platform Epic for USD 500 million (around Rs 3,729.8 crore), and had announced an additional USD 1 billion (about Rs 7,459.7 crore) investment over the next three years in the North American market to expand its operations there. In September, Byju's had announced the acquisition of K-12 creative coding platform, Tynker for an undisclosed amount. Launched in 2015, Byju's has over 115 million students cumulatively learning from the app and 7 million annual paid subscriptions. This partnership will help millions of students learn mathematics in an interactive way, in turn making them overcome their fear of math and learn to master it, he added. Our shared passion for learning and teaching resonates with Byju's, making them a perfect partner for our onward journey," Hohenwarter said. "GeoGebra was born out of a passion to help students learn math in a visually appealing and engaging manner. The curriculum is available in multiple languages for students around the world. GeoGebra has a community of over 100 million learners across more than 195 countries, brings together geometry, algebra, spreadsheets, graphing, statistics and calculus in one easy-to-use format. "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 said. Kishore added that with GeoGebra on board, the company will "continue to further enhance, reimagine and transform the way Math is taught and learned". Designed to improve mathematical understanding, it offers significant features that provide interactive resources that adapt to every child's style and pace of learning," Byju's Chief Strategy Officer Anita Kishore said. "The GeoGebra team has built a powerful and stimulating platform that complements Byju's mission of providing impactful learning for students. See Zee Business Live TV Streaming Below: GeoGebra - which has a dynamic, interactive and collaborative mathematics learning tool - will continue to operate as an independent unit within the Byju's group under the leadership of its founder and developer Markus Hohenwarter.
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