A statement issued by Byju’s said that Epic CEO Suren Marcosian and co-founder Kevin Donahue will continue in their roles. It is worth noting that earlier Byju’s had acquired Aakash Educational Services for $1 billion.
Byjus to invest $1 billion in North America
Byju’s will invest $1 billion to further strengthen its position in the North American market. It has acquired Epic, a digital platform for reading books for children aged 12 and under, for $500 million, Byju’s said in a statement.
Byjus has more than doubled the number of users
Byju’s CEO said this
Byju’s Founder and CEO Byju Raveendran said in a statement that,"Our partnership with Epic will enable us to create engaging and interactive reading and learning experiences for children globally. Our mission is to foster curiosity and generate interest in learning among students. Epic and its products share the same mission, so this move was naturally the right one. We have the power to create impressive experiences for children to become lifelong learners have the opportunity to."
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