Deal value pegged at around 100 million GeoGebra to continue as an independent unit within Byjus. 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. Byjus acquires Austria-based math platform GeoGebra. The GeoGebra team has built a powerful and stimulating platform that complements BYJU’S mission of providing impactful learning for students. The deal size is 100 million and involves both cash and stock, TechCrunch reported citing a. And with GeoGebra on board, we will continue to further enhance, reimagine and transform the way Math is taught and learned. BYJUS has acquired Austria-based math platform GeoGebra. “At Byju’s, with the help of innovative teaching and technology, we have been making Math fun, visual, and engaging. Designed to improve mathematical understanding, it offers significant features that provide interactive resources that adapt to every child’s style and pace of learning,” said Anita Kishore, chief strategy officer of Byju’s, in a statement. Mathematical thinking is grounded in visual processing and GeoGebras interactive and multilingual learning environment makes maths contextual, fun and visual. “The GeoGebra team has built a powerful and stimulating platform that complements BYJU’S mission of providing impactful learning for students. BANGALORE, India- ( BUSINESS WIRE )- BYJU’S, a homegrown Indian Edtech Company with 115 million students on its learning platform, has announced the acquisition of Austria-headquartered GeoGebra. The most valuable Indian startup will integrate GeoGebra’s offerings with its products to make “math more engaging” for its students. I am confident that 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,” said Markus Hohenwarter, co-founder of GeoGebra, in a statement.īyju’s said the GeoGebra acquisition “complements” its product strategy. Our shared passion for learning and teaching resonates with BYJU’S, making them a perfect partner for our onward journey. “GeoGebra was born out of a passion to help students learn math in a visually appealing and engaging manner. Byju’s said GeoGebra’s current apps and web services will continue to be available for free after the acquisition. The platform offers its service to both enterprises as well as philanthropic nonprofit organisations, the latter of which accesses GeoGebra at no charge. Byju’s declined to comment.Įight-year-old GeoGebra operates an interactive and collaborative mathematics learning tool and reaches over 100 million students across more than 195 countries and territories. Neither of the firms disclosed the purchase price, but a source familiar with the matter said the deal size is about $100 million and includes both cash and stock. And with GeoGebra on board, we will continue to further enhance, reimagine and transform the way Math is taught and learned.Byju’s has acquired the Austria-headquartered startup GeoGebra, the latest in a series of purchases by the Indian edtech giant this year as it scales its online learning platform across the globe. At Byju's, with the help of innovative teaching and technology, we have been making Math fun, visual, and engaging. Designed to improve mathematical understanding, it offers significant features that provide interactive resources that adapt to every child’s style and pace of learning. GeoGebra will continue to operate as an independent unit within the Byju’s group under the leadership of its founder and developer, Markus Hohenwarter.Īnita Kishore, chief strategy officer, Byju's, said, "The GeoGebra team has built a powerful and stimulating platform that complements our mission of providing impactful learning for students. This acquisition complements Byju’s overall product strategy and integrates GeoGebra’s capabilities to enable the creation of new product offerings and learning formats to its existing mathematics portfolio, the company said in a press statement. Byju’s has announced the acquisition of Austria-headquartered GeoGebra.
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