![]() In the past two years, the startup has acquired U.S.-based kids-focused “phygital” startup Osmo (for $120 million), online coding platform WhiteHat Jr. (for $300 million), coaching centre chain Aakash (for nearly $1 billion) and Indian edtech startups Toppr* and Gradeup*. Byju’s also plans to bring Epic’s offering to India and other markets, he added.Įdtech valuations aren’t skyrocketing, but investors see more exit opportunitiesĮpic is the latest in a series of acquisitions by Byju’s. The startup plans to invest $1 billion in its North America business, he said. that Raveendran expects will generate $100 million each in revenue this year alone. “Our ambition is to make a global impact,” he said. earlier this month, now has three large offerings in the U.S. Raveendran said he hasn’t decided whether Epic will be rebranded, acknowledging that the California-headquartered startup has a strong brand awareness in the U.S.īyju’s, which launched a learning app featuring Disney characters in the U.S. They understand this demographic very well,” he said.Įarlier this year, Byju’s rebranded its international business as Byju’s Future School, as part of which it is offering coding and math in synchronous and asynchronous formats to students, and plans to add music, English, fine arts and science to the catalog. and reach a demographic that we have also been working to serve. “The distribution they have will also help us offer more options to students in the U.S. The addition of Epic to Byju’s offerings is “complementary from a product standpoint, as reading is a very powerful format for students to learn,” he said. that the startup has been looking for, said Raveendran. expansionįor Byju’s, the new product expands its current portfolio and brings expertise about a demographic of the U.S. They first met with Byju Raveendran, co-founder and chief executive of the eponymous Indian startup, four or five years ago, but conversations about an acquisition only began this year, they said. ![]() Donahue and Markosian are no strangers to Byju’s. TechCrunch reported in March that Byju’s was in talks to acquire Epic. In a Netflix-esque move, the firm has also started to release several print versions of its own original titles. The platform, which has a presence across 90% of elementary schools in the U.S., has amassed more than 2 million teachers and 50 million kids (up from 20 million last year).Įpic, which counts Evolution Media as an early backer, collects and analyzes real-time anonymized and aggregated data on how many children read a book, how deeply they engage with it and where their interest starts to wane. The deal involves both cash and stock, and Epic founders Kevin Donahue and Suren Markosian will continue to run the business, they said in an interview with TechCrunch.Įpic operates an eponymous digital reading platform for kids aged 12 or younger. Read the developer's privacy policy for details on how your (or your kids') information is collected, used, and shared and any choices you may have in the matter, and note that privacy policies and terms of service frequently change.Byju’s said on Wednesday it has acquired California-headquartered reading platform Epic for $500 million, the latest in a series of moves from India’s most valuable startup as it deepens its footprint in the U.S. If a parent decides to cancel after the subscription kicks in, there's a FAQ page with instructions for different platforms. Parents can try a free, one-month pass before subscribing ($7.99 monthly). Though there's nothing wildly inappropriate available and parents can see everything a kids reads through their own account, some books for older kids may touch lightly on violent themes (e.g., a graphic novel about the Battle of Troy shows battle scenes). Note that younger kids could switch their settings or change profiles and see books for older kids. If a kid's teacher curates a list, a kid can access the list and any related quizzes. Kids can also earn badges and rewards based on certain milestones. ![]() On a Reading Stats page, users can see tracked progress for time spent reading, number of pages flipped, and books read. Users can search books by subject, genre, or age (web version only), and some are audio or read-to-me versions where kids can follow along with highlighted words. Many selections are by well-known authors or from major publishers, and the collection includes Spanish/English, Chinese/English, and French/English bilingual books. Kids and parents can choose from more than 35,000 books, and they can read them online or offline, on the Web, or on mobile devices. Parents need to know that Epic! - Kids Books and Videos is a subscription-based ebook service for kids age 2–12.
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