“Aside from the fact that we have built six cofounder counterparts in the company, today I can easily say that I have over 12 cofounders because we have been able to integrate so well that they act like founding partners. ” byju ravindran Said during an event organized by TiE Delhi-NCR on Thursday.
“More than acquisitions, we think of them as integrations,” he said.
All its acquisitions so far have been complementary.
“We mainly achieved osmo for their technology and product. We have also grown Osmo by almost 4 times in two years – it is a win,” said Raveendran.
Educational game company Osmo . acquired Its first acquisition in the US, for $120 million in 2019.
“It’s hard to integrate cross-border acquisitions. Osmo has a different culture, we have a different culture – there’s no point in trying to make everyone do things the same way. Culture is defined by people, so we Make sure people continue,” he said.
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Osmo founder and CEO Pramod Sharma, who was also part of the panel discussion, said a lot of time has been spent on building strategy and trust as partners.
Earlier this year, Byju’s
also achieved Singapore-headquartered Great Learning for $600 million in cash, stock and earnings deal.
“At Great Learning, we are strong in our culture. We have relentlessly infused ourselves with our values, so that’s one of the earliest things we (Great Learning and Byju’s) talked about,” said founder of Great Learning and CEO Mohan Lakhmaraju said.
Last week,
Byju’s Says It Has Acquired Tyncare In a cash and stock deal. Sources said it paid around $150-$200 million for the US-based coding platform. byju’s
has spent over $2 billion In the past few months for acquisitions in India and abroad.
Meanwhile, in another panel discussion, Coursera CEO Jeff Magioncalda said that its learners in India were younger than learners in other countries. “India looks different than other countries. We see a high incidence of using mobile devices. The average age in India is a little lower.”
According to him Indian learners are disciplined. “They realize that education is the path of opportunity. Therefore, we see a tremendous appetite for learners in India to consume strength as a link to a successful career,” said Magioncalda.
open online course provider recently said
It will partner with more Indian institutions and introduce platform innovations. India is the second largest market for Coursera.