Home Financial Byju Acquires Osmo for $120 million

Byju Acquires Osmo for $120 million

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Indian ed-tech company Byju has acquired Osmo, a California-based startup that combines physical toys and games with digital tablets. The $120 million acquisition comes less than a month after Byju raised $540 million in funding.

Byju launched as a tutoring service in 2008. It expanded in 2015 to offer a mobile app. Its recent round of fundraising was to expand Byju’s global reach and increase content production.

Osmo was founded in 2013 by former Google employees, Pramod Sharma and Jerome Scholle. The company raised $32.5 million in venture capital. The company claims to be in 20,000 schools.

“We started Osmo for parents looking for a way to combine physical, hands-on play with the power of digital platforms to foster a love of learning,” Sharma said.

Osmo will continue as a separate brand from Byju.