Byju's purchases Northwest Executive Education to fortify advanced education vertical
Byju's purchased the Singapore-based organization through its completely possessed upskilling stage Great Learning, esteeming Northwest Executive Education at somewhat less than $100 million, sources said.
Edtech unicorn Byju's has purchased Singapore-based Northwest Executive Education in a money and stock arrangement as it hopes to reinforce its advanced education vertical, as indicated by individuals acquainted with the matter.
"Byju's is forcefully zeroing in on the advanced education section and Northwest Executive's securing will simply add to it," expressed one individuals referred to above. "Northwest Executive's capacities will work out positively for Great Learning," the individual added.
Established in 2015 by Mohit Jain, Tamhant Jain and Maitreyi Singhvi, Northwest Executive Education offers programs from worldwide colleges like Harvard Medical School, Berkeley University of California, Yale School of Management among others, as per its site.
Northwest Executive's securing comes almost a year after Byju's had procured 100% stake in Singapore-based Great Learning for $600 million. Byju's had then said that it would put another $400 million more in the advanced education space. Recently, Byju's likewise obtained grounds enlistment stage Superset for an undisclosed sum.
Byju's has been on a securing binge starting from the beginning of 2021 as it is forcefully hoping to solidify its administration in the on the web and disconnected learning space across classifications and various topographies. The edtech unicorn has procured in excess of 10 firms starting from the beginning of the pandemic as interest for online schooling soar with state run administrations across the globe securing individuals to control the spread of the infectious COVID-19.
In March, Byju's had brought $800 million up in a financing round, which was driven by Byju Raveendran himself, esteeming the edtech startup at $22 billion. Raveendran had committed $400 million, with the rest coming from Sumeru Ventures, Vitruvian Partners and BlackRock.