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Byju's buys exam coaching startup in India edtech push

Online education company has been on shopping spree this year

Indian online education company Byju's is valued at $16.5 billion, according to CB Insights. (Photo by Kosaku Mimura)

MUMBAI -- Indian online education company Byju's has bought exam training startup Gradeup for an undisclosed amount in its fifth acquisition of the year, ramping up its push into a rapidly growing market.

Byju's, which is backed by New York-based investment company Tiger Global, said the move would broaden its business, allowing it to offer online coaching in everything from postgraduate entrance exams to tests for jobs in banking or the government.

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