Byju’s buys US co for USD120 million

NEW DELHI: Online education start-up Byju’s ON Thursday said it has acquired US-based Osmo for $120 million (nearly Rs 850 crore). Osmo provides a playful learning system, bringing physical toys into the digital world through augmented reality and its proprietary reflective artificial intelligence. Osmo will continue as a standalone brand since Byju’s taps the company’s physical-to-digital technology and content to expand and enhance its current offering, Byju’s said. “This new acquisition will bolster team BYJU’S’ international plans…With the integration of Osmo, BYJU’S will also look to offer a unique, customised, engaging and fun learning solution for younger kids,” it added.