India-Based Edtech Company Byju’s Acquires Epic
Palo Alto – July 29, 2021 – Cooley advised India-based Byju’s, a global leader in online learning, on its agreement to acquire reading platform Epic for $500 million. Rishab Kumar, Steve Tonsfeldt and Erik Edwards led the Cooley team advising Byju’s on the transaction.
By acquiring Epic, Byju’s will expand its offerings in the US as it seeks to invest $1 billion in North America to accelerate its vision of helping students fall in love with learning. The transaction is subject to customary closing conditions.
“Our mission is to fuel curiosity and make students fall in love with learning,” Byju Raveendran, founder and CEO of Byju’s, said in a news release. “Knowing that Epic and its products are rooted in the same mission, it was a natural fit. Together we have the opportunity to create impactful experiences for children to become life-long learners.”
Founded in 2015 by Byju Raveendran and trusted by more than 100 million students worldwide, Byju’s is the world's most valuable edtech company. By making learning feel like play contextually and visually, Byju’s is paving the way for new-age, geography-agnostic learning tools that sit at the cross-section of mobile, interactive content and personalized learning methodologies.
Cooley represents a growing number of Asia’s most innovative and dynamic tech and life sciences companies, advising them at all stages of their life cycle, from formation through financings and exits. In February 2021, India Business Law Journal recognized four Cooley-led transactions as 2020 Deals of the Year, an honor that highlights the most significant India-related deals and disputes, and the law firms that worked tirelessly to bring them to fruition.
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