BYJU’s – a Bangalore-based startup – has recently confirmed its $600M acquisition of the bootstrapped skill learning startup, Great Learning. The deal includes cash, stock, and earnout which enables learners at BYJU’s to be rewarded with every lesson completed. This acquisition also enables Great Learning to work and operate as an independent firm.
What is Great Learning?
Great Learning is led by Founder and CEO Mohan Lakhamraju and Co-founders Hari Nair and Arjun Nair. Their main objective is to enhance learning opportunities in all forms, and in different towns and cities in India.
How is this Acquisition helpful to Great Learning?
As beneficial as this acquisition is for the founders of both Great Learning and BYJU’s, it is also going to be a turning point for the employees. Lakhamraju has confirmed that 120 of its employees would be eligible to make nearly $100 million which combines cash, stock, and earnings.
This means that their annual revenue will be similar to that of the founders and they will be given equal opportunities to learn and thrive while in the organization. Since it is a bootstrapped organization, 25% of the company is owned by every employee.
Are you a part of either of these organizations?
Source: YourStory
