Byju's Acquires American Reading Platform Epic For $500 Million

Byju's announced on Wednesday that it has acquired Epic, a digital reading platform for children, for $500 million, which is around Rs 3,700 crore.

Online education provider Byju's announced on Wednesday that it has acquired Epic, which is a digital reading platform for children, for $500 million, which is around Rs 3,700 crore approximately. Epic CEO Suren Markosian and co-founder Kevin Donahue will remain in their roles, a statement issued by Byju's said. The edtech major said that it will further invest $ 1 billion in North America to accelerate its vision of helping students fall in love with learning. The taking over of Epic will help Byju's expand its footprint in the United States by giving access to more than two million teachers and 50 million children under Epic's existing user base across the world, which has more than doubled over the last year.