On September 7, Ed-tech company Byju’s said: it has acquired online exam preparation platform Gradeup in a bid to bolster the ed-tech’s presence in the fast-growing online competitive examination preparation category. The acquisition will also help BYJU’s harness Gradeup’s student reach.
Gradeup in conglomerate with Byju’s Exam Prep will facilitate an easy learning platform for students preparing for various competitive exams. The companies will impart quality online teaching for 150+ exams under 25 exam separate categories including Govt Jobs and PG Entrance Exams namely., IAS, GATE, CAT, Bank PO/Clerk, Defence, UGC-NET, etc.
On August 25, Byju’s has planned to raise around $500 million in a debt round through loan B.