Merisis Advisors is pleased to announce the acquisition of its client Math Adventures Learning Solutions Pvt. Ltd. by Think and Learn Pvt. Ltd., which operates digital ed-tech venture Byju’s.
Founded by Vidya Jayaraman and Ashok Nair, Math Adventures helps children learn through a combination of short videos and an activity-based approach that uses workbooks and tablets. It has partnered with schools for classes from pre-KG to the grade eight. Enrolled with the company are about 7,000 students across 12 schools, mostly in Bengaluru and with small presence in cities like Mysuru, Tezpur and Jodhpur. The model involves a Math Adventures facilitator taking up one math class out of the allocated weekly math classes and making students understand concepts they had learnt in the conventional class using activities.
“Math Adventures’ activities will help us with our K-3 product development. The founder comes with a strong math background along with a research and development background in math activities. This partnership will help us further develop and create engaging learning programmes for lower grade students,” said Byju Raveendran, founder and CEO, Byju’s, adding that the Math Adventures team will now be a part of the content and research and development team at Byju’s.
Ashok Nair, co-founder, Math Adventures commenting on Merisis’ role in the transaction said “M&A is complex and Merisis’ extensive experience in such transactions was crucial in arriving at a commercial package and structure that was a win win for both Byju’s and us, and a timely closure.”
About Think and Learn Pvt. Ltd. (Byju’s):
Byju’s, originally started off as a coaching platform for competitive entrance exams like CAT, GMAT, GRE and expanded to UPSC, IIT-JEE, engineering & medical entrance exams. The company now has content for students studying in K-12. The firm has raised close to about USD 345 million till date, has more than 20 million downloads and 1.26 million paid subscribers. The company was founded in 2008 and is based in Bangalore, India. For more information, visit https://byjus.com/.
About Merisis Advisors
|Merisis Advisors is an investment banking advisory firm, offering independent advisory services to emerging growth and mid-market corporate clients and family offices, on mergers and acquisitions as well as fund raising activities. The firm also advises asset management companies on follow-on fund raise and exits for their portfolio companies. Merisis focuses on the technology, consumer, financial services and related sectors, having built significant domain knowledge and transaction experience. For more information, visit www.merisisadvisors.com|