Edtech giant BYJU’s is set to acquire another edtech firm Scholr for about Rs18 Cr. The industry sources are very confident that the deal is finalised and could be made official soon. The acquisition is said to be part of BYJU’s strategy to scale up its presence into multiple areas related to education.
Scholr is an AI-enabled online education company founded by IIT, IIM, ISB and BITS-Pilani alumni. In less than one year of inception, the Scholr app is claimed to have been downloaded by more than 1 lakh students who have asked more than 10 lakh questions. It provides instant step-by-step solutions to any question submitted on the app in the form of a simple photo.
Last August, it had acquired WhiteHat Jr for $300 mn. It is also believed to be in talks to acquire Aakash Educational Services for $1 bn to get into the brick-and-mortar test preparation space. Talks are also reportedly on to acquire tech firm Toppr for $150 mn.