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.

Commenting on the acquisition, Byju Raveendran, Founder and Chief Executive Officer (CEO) at Byju’s, said, “Our focus has always been on ensuring that every learner has access to the highest quality of teachers and content to help them learn better. With Gradeup on board, we will be able to further scale and expand our test-prep offerings in postgraduate level exams. Gradeup has already proved its mettle and we are excited to join forces with the seasoned team. We aim to bring our complementary strengths and expertise together to create engaging and personalised learning experiences.”
Shobhit Bhatnagar, CEO at Gradeup, averred, “By combining live classes, assessments, and quality study material, we have built a highly specialised offering for students preparing for competitive exams. Together with BYJU’S, we will accelerate our growth and expand our reach across the country. Further, we will leverage their strengths in content to deepen our current product offering and broaden our coverage of exams.”

On August 25, Byju’s has planned to raise around $500 million in a debt round through loan B.

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TOPICS: Byju Raveendran