M&A

M&A

Great Learning founder Mohan Lakhamraju buys back India unit from Byju’s: report

Mint  

Mohan Krishna Lakhamraju, the co-founder of Bengaluru-based upskilling business Great Learning that e-learning platform Byju's had acquired in 2021, has bought back the India unit of the sold company for USD 10 million, a fraction of the USD 600 million that it was sold for.Lakhamraju struck a cash deal early in 2024 to buy back full control of Great Learning Education Services Pvt Ltd, a business formerly owned by him and co-founders, which still turns in revenues of nearly INR 500 crore a year in India. A key reason for the buyback of Great Learning was that the acquisition announced in 2021 was not paid in full.Founded in 2013, Great Learning sells online programmes for working professionals across areas such as data science and business analytics, artificial intelligence and machine learning, cloud computing, cybersecurity and software development.