Indian edtech firm Byju’s acquires US-based Osmo for $120M
Indian K12 edtech company Byju’s has acquired US-based Osmo, a playful learning system for creating healthy screen time experiences, for US$120 million.
This is Byju’s first ever purchase of a US company. This will see Osmo continue to scale as a standalone brand even as Byju’s taps the company’s physical-to-digital technology and content to expand and enhance its current offering.
With the integration of Osmo, Byju’s will also look to offer a unique, customised, engaging and fun learning solution for younger kids. This new acquisition will bolster team Byju’s international plans to innovate, explore and set new benchmarks for tech-enabled personalised learning solutions.
Osmo CEO and Co-founder Pramod Sharma will continue to remain at Osmo’s helm.