Byju’s forced to sell Epic and Tynker in distressed deal

Byju’s, once considered India’s leading edtech company, has sold two major US acquisitions, Epic and Tynker, for a fraction of the original purchase prices.

According to a report by EdWeek Market Brief, Epic was purchased by China’s TAL Education for $95 million, while Tynker was acquired by CodeHS for just $2.2 million in cash. The report added that these sales were approved by a US bankruptcy court on May 20.

Byju’s had acquired Epic for $500 million in 2021 and Tynker for $200 million.

The transactions were part of a broader restructuring attempt by Byju’s to address ongoing disputes with lenders and recover from operational missteps and delayed financial disclosures. The company’s US unit, Byju’s Alpha, was at the center of the legal battle and asset auction, following allegations of loan default and mismanagement.

For context, Byju’s has yet to file its audited financial report for FY23, FY24 and FY25.

Meanwhile, some of the companies acquired by Byju’s, such as Great Learning and Aakash Institute, have distanced themselves from the Bengaluru-based firm, and are operating independently.

Queries sent to Byju’s did not elicit an immediate response.