Byju’s acquires kids online reading platform Epic for $500M

Byju’s is storming into the U.S. kids education market with the $500 million acquisition of Epic, a digital reading platform for children. Their common mission is to make education more personal, interactive, and fun for children.

The deal comes right after Bangalore, India-based Byju’s announced its major product launch for the U.S. last week with the introduction of Learning App featuring Disney as a digital learning app for kids. The effort is part of a plan to invest more than $1 billion in the U.S. educational market, said Byju Raveendran, the cofounder and CEO of Byju’s, in an interview with GamesBeat.