BYJU’S-Owned US Firms Sold At Knockdown Prices

Tynker has been acquired by computer science learning platform CodeHS for $2.2 Mn. BYJU’S had acquired the coding platform for $200 Mn

Reading platform Epic! has been bought over by TAL Education Group at a steep discount of 81% for $95 Mn. The edtech major had doled out $500 Mn while acquiring Epic! in 2021

The above fire sales were part of BYJU’S bankruptcy process in the US which involved an unpaid term loan of $1.2 Bn

Two edtech firms bought by BYJU’S during its US stint were reportedly sold off by the…