Byju takes over Hello English, which is supported by Tiger Global

In the midst of the ongoing acquisition frenzy, edtech decacorn Byju’s is ready to acquire another startup in the field of language learning. The Bengaluru-based company is in talks to acquire Hello English, according to two sources aware of the matter.

This will be Byju’s tenth acquisition in 2021. The company spent more than $ 2 billion on the deals where Aakash Educational Services, Great Learning, and Epic were most valued.

Byju’s has acquired a total of 18 startups since it was founded.

“Hello English is in late-stage talks to get Byju’s a $ 25 million deal,” said one of the sources on condition of anonymity. “The term sheet has been signed and if nothing goes wrong from here the transaction will be announced shortly,” added the person.

Hello German [previously CultureAlley] is a cloud-based language learning platform that allows users to learn multiple languages ​​including English, Chinese, Portuguese, Turkish, Nepalese, Indonesian, Thai, Arabic, Malay, Urdu, Malay, Bengali, Punjabi, Telugu, Tamil, Kannada Others.

The app also offers interactive lessons with conversational English, translation, spelling, vocabulary and grammar tips. The eight-year-old company had recently wound up $ 6.5 million in its Series A round led by Tiger Global in 2015. Previously, it had raised a seed round from Kae Capital in 2013.

The acquisition marks Byju’s entry into the language offering, as the company has not ventured into this segment. “In addition to India, Byju’s plans to expand Hello English to overseas markets, including the Southeast Asia (SEA) region,” said the second source, who also refused to be named.

“After the transaction, the Hello English team will move to Byju’s along with the founders,” added the person.

Inquiries to Byju’s and Hello English did not result in an immediate response. We’ll update the post if that’s the case.

According to Sensor Tower data, Hello English has collected more than 42 million downloads on Android and iOS. Launched by Nishant Patni and Pranshu Bhandari, Hello English became the number 1 English learning and language app in the Indian Google Play Store within eight months of its launch.

For the year ended March 31, 2021, Hello English had operating sales of Rs 8.32 billion in FY21 compared to Rs 6.75 billion in FY20. The company’s financial statements show that its spending for FY21 was Rs. 11.29 crore in the previous fiscal year. During the reporting period he managed to control his losses from Rs 3.56 billion in FY20 to Rs 3.3 billion.

More than 15 edtech startups were consolidated under the three edtech giants Byju’s, Unacademy and Vedantu in 2021: Byju’s, Unacademy and Vedantu. Byju’s has already taken over nine startups, while Unacademy has taken over five startups during this period.

Swiflearn was the latest acquisition by the Gaurav Munjal-led company. Trickypedia would have exclusively reported the deal on October 18th. Another edtech unicorn Vedantu has acquired two startups in 2021: Instasolv and Pedagogy.

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