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Deepti Sri · · 1 min readSources: Byju’s acquires doubt-solving edtech startup Scholr
Byju’s has acquired Scholr in an all-cash deal, reported Entrackr, citing three people aware of the transaction.
Details:
- Byju’s has acquired the Mumbai-based edtech startup Scholr for a deal that’s said to be worth between 150 million rupees and 200 million rupees (US$2.1 million and US$2.8 million).
- Scholr helps students between grades 6 and 10 solve their doubts as they study through its video-based application that is available on mobile phones.
Context:
- Earlier this week, Byju’s was said to be close to acquiring its rival Toppr Technologies in a transaction valued at roughly US$150 million.
- In June 2020, Byju’s was reportedly in talks to acquire Doubtnut, a doubt-clearing edtech startup similar to Scholr. However, the deal didn’t go through due to differences over valuation.
Editing by Collin Furtado and September Grace Mahino
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