On September 16, Byju’s, India’s most trusted educational app by millions said that it will acquire Tynker, a coding space for kids, based in the US. As reported by Moneycontrol, this move is in line with the right other acquisition, this being the nine one for the ongoing fiscal year of 2021. This is initiated to amplify and conjoin its functions in the kindergarten to the 12th-grade sector, thereby listing its name even on the US public markets.
The company has spent a huge amount of $2 billion to undertake 9 companies throughout this year. It is now valued at a whopping $16.5 billion, automatically making its stance as the most valued startup unicorn in India.
Commenting on its power-packed performances in a row, Byju’s Chief Strategy Officer Anita Kishore, cleared the air by saying, “We don’t keep track of numbers and don’t work with a target number. Each of these acquisitions has been very specific. Tynker is a product that we have been looking at for a while and we first met them 2-3 years ago.”
Tynker, the coding form was established in 2012 by Krishna Vedati & Srinivas Mandyam in Mountain View, California, United States. It is a popularly used application specially designed for children aged between 5-18, to help them learn the intricate art of coding. Tynker’s co-owner Srinivas Mandyam averred that “1 in 3 schools in the US already use Tynker, giving Byju’s a huge foothold in North America and it hopes its India reach will go up after it recently released an Android version.”
Tynker brings its users an insight in the form of video tutorials that will help them learn text coding and block coding. It offers 60 courses in Creative Coding, Minecraft Modding, Minecraft Game Design, Python and CSS.
Earlier, in an exclusive interview with Moneycontrol, Byju’s owner Byju Raveendran said: “I strongly believe that we have an opportunity to redefine this space globally. This is not a cut, copy, paste model of what is working in other markets, Starting in India is an advantage in this space.”