Byju's acquires US edtech firm Epic in $500 Mn deal

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Byju’s has acquired US-based reading platform Epic for $500 Mn, continuing its spree of large acquisitions to expand its education services beyond the Indian market and across categories.Byju’s said it will invest a billion dollars in North America and considers the region one of its most lucrative markets.

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Epic is built on a collection of over 40,000 popular, high-quality books from 250 of the world’s best publishers. Its recommendations are customised to the child’s interests and parents can track progress and see the time spent in reading. It also has original stories which will appeal to kids.

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