Why India’s ed-tech firm Byju’s paid $120 million for kids AR game maker Osmo

Last week, India’s ed-tech startup Byju acquired Osmo, a kid-focused augmented reality games for iPhones and iPads, for $120 million.

That was a big move that signals the global ambition of Byju, which recently raised a $540 million war chest from South Africa’s Naspers Ventures and Canada Pension Plan Investment Board.