The development comes a few days after Ola’s electric mobility business Ola Electric raised a USD 200 million funding round.
India’s hectic M&As
Byju’s has set aside USD 1 billion to invest in the American edtech market over the next three years.
To fund the acquisitions, the online pharmacy unicorn has raised almost USD 900 million in funding in 2021 so far.
GradeUp is the eighth acquisition by Byju’s this year, and second in the exam prep space overall.