Uncategorized

Indian edtech company Vedantu acquires the majority of the company’s test preparation platform for $40 million

The test preparation platform Ace Creative Learning, often known as Deeksha, was purchased by the Indian edtech company Vedantu for $40 million (Rs 330 crore).

Deeksha will bring around 13,000 of its students to Vedantu’s platform thanks to this funding. It will also make use of the pedagogical content, educational technology, and live lessons already offered by the edtech unicorn.

“Together Vedantu and Deeksha will revolutionize the way education is imparted, improve the quality of the learning system as a whole, and help students to achieve their true potential with outstanding learning outcomes,” the company said in a statement.

Vamsi Krishna, the CEO and co-founder of the company, also made note of how the acquisition will provide the company access to roughly 40 offline centres that Deeksha runs in the three states of Karnataka, Telangana, and Andhra Pradesh, allowing it to extend its hybrid business model.

Deeksha, which employs about 950 people, will continue to manage its operations under the direction of its current founders as part of the agreement.

Dr. Sridhar G. and Lalit Sridhar founded Deeksha in 1988. It started out with one classroom and has expanded to 20 campuses in three different states, including Karnataka, Telangana, and Andhra Pradesh. Over 60,000 kids, according to the Bengaluru-based company, have gone through the system.

Vedantu, which debuted in 2014, offers private lessons as well as group programmes for grades K through 12 and test preparation. This edtech startup is the fifth to achieve unicorn status.

Related Articles

Leave a Reply

Your email address will not be published. Required fields are marked *

Back to top button