<p>India's largest edtech platform Byju's is in advanced talks with rival Toppr for a potential acquisition, according to sources.</p>.<p>Sources close to the development said the deal is estimated to be about USD 120-150 million in size and could be closed in the next 2-3 weeks.</p>.<p>E-mails sent to Byju's and Toppr did not elicit a response.</p>.<p>Founded in 2013 by IIT Bombay alumni Hayath and Hemanth Goteti, Toppr uses artificial intelligence-based machine learning algorithms to personalise learning paths for every learner. It provides K12 syllabus coverage with thousands of course combinations and has over 16 million students on the platform.</p>.<p>The edu-tech space has seen strong growth globally with the COVID-19 pandemic serving as an inflection point.</p>.<p>In the past, Byju's has acquired TutorVista and Edurite (from Pearson in 2017) and Osmo in 2019. Last year, the General Atlantic-backed company had acquired coding training platform, WhiteHat Jr for USD 300 million.</p>.<p>Byju's, which has raised funding from marquee investors like Mary Meeker and Yuri Milner, has also been aggressively expanding its presence in various segments of online education in the country.</p>.<p>Byju's app has over 75 million registered students and 5.2 million annual paid subscriptions.</p>.<p>It has also seen a strong growth in valuation with each subsequent funding round. In November, Byju's reportedly raised about USD 200 million (Rs 1,483 crore) in funding from investors, including BlackRock and T Rowe Price, at a valuation of USD 12 billion.</p>.<p>Two months before that, Byju's had raked in USD 500 million (about Rs 3,672 crore) in a round that valued the company at USD 10.8 billion. </p>
<p>India's largest edtech platform Byju's is in advanced talks with rival Toppr for a potential acquisition, according to sources.</p>.<p>Sources close to the development said the deal is estimated to be about USD 120-150 million in size and could be closed in the next 2-3 weeks.</p>.<p>E-mails sent to Byju's and Toppr did not elicit a response.</p>.<p>Founded in 2013 by IIT Bombay alumni Hayath and Hemanth Goteti, Toppr uses artificial intelligence-based machine learning algorithms to personalise learning paths for every learner. It provides K12 syllabus coverage with thousands of course combinations and has over 16 million students on the platform.</p>.<p>The edu-tech space has seen strong growth globally with the COVID-19 pandemic serving as an inflection point.</p>.<p>In the past, Byju's has acquired TutorVista and Edurite (from Pearson in 2017) and Osmo in 2019. Last year, the General Atlantic-backed company had acquired coding training platform, WhiteHat Jr for USD 300 million.</p>.<p>Byju's, which has raised funding from marquee investors like Mary Meeker and Yuri Milner, has also been aggressively expanding its presence in various segments of online education in the country.</p>.<p>Byju's app has over 75 million registered students and 5.2 million annual paid subscriptions.</p>.<p>It has also seen a strong growth in valuation with each subsequent funding round. In November, Byju's reportedly raised about USD 200 million (Rs 1,483 crore) in funding from investors, including BlackRock and T Rowe Price, at a valuation of USD 12 billion.</p>.<p>Two months before that, Byju's had raked in USD 500 million (about Rs 3,672 crore) in a round that valued the company at USD 10.8 billion. </p>