Byju's Buys US-Based Coding Startup Tynker

By siliconindia  |  Monday, 13 September 2021, 10:48:17 AM IST

img

India’s highest-valued edtech startup Byju’s is planning to acquire the US-based kids coding Startup Tynker. This acquisition is a measure to further consolidate its dominance in the edtech sector. This would be the ninth acquisition by Byju’s this year and has already spent cash worth $2.4 Bn. BYJU’s has procuired coding platform WhithatJr for a record $300 Mn last year.

According to cources, Byju’s would be acquiring Tynker for around $100 Mn and the official announcement is expected to be made in the coming days. The deal would further mark BYJU’s third acquisition of a US-based startup, after Osmo and online reading platform Epic.

Established by Krishna Vedati, Srinivas Mandyam, and Kelvin Chong in 2012, Tynker is a K-12 creative coding platform that enables students to develop coding skills to design and power animations, games, music, robots and drones, smart devices, virtual worlds and more. The startup states that its coding curriculum has been used by one in three K-8 schools in the US, 90,000 schools globally, and over 60 million kids across 150 countries.

The acquisition would further help BYJU’s to reinforce its foothold in North America. Tynker is accessible through the Internet browser, Tynker and Tynker Junior mobile apps. The startup offers both free and paid subscription models.

The recent acquisition is in line with BYJU’s plan of investing $1 Bn in North America to strengthen its market dominance. 

ON THE DECK

siliconindia