Bengaluru-based ed tech decacorn Byju’s is acquiring Tynker, a creative coding platform that has been used by over 60 million children and 100,000 schools in 150 countries.
Byju Raveendran, founder and chief executive of Byju’s, said: “Joining forces with Tynker will unlock the ability for us to bring imagination to life for hundreds of millions of students through coding. Our goal is to ignite a love for programming in children globally and we feel strongly that Tynker’s creative coding platform and approach to making programming fun and intuitive for kids will get us there even faster.”
Tynker co-founders Krishna Vedati, Srinivas Mandyam and Kelvin Chong will remain in their roles.
Tynker’s chief executive Vedati commented: “At Tynker, we believe that kids of all ages should develop the critical thinking skills needed to become the ‘makers of tomorrow. Our focus is on understanding what kids are passionate about – whether that’s building games, making animations or modding Minecraft – and we then create specific experiences, apps and personalized learning paths to empower them to create with code. We wholeheartedly believe that joining the Byju’s family can help children on a global level develop the fundamental STEM skills that will serve them well as they progress in school and ultimately help prepare them for careers in both technical and non-technical fields.”
Over the past year and a half, Byju’s has acquired two other major US ed tech companies – Osmo, a maker of educational games and Epic, an online digital reading platform. All three acquisitions are part of Byju’s stated goal of investing $1 billion in the US ed tech market over the next three years.
Date published: 16 September 2021