Vedantu Acquires Instasolv, a Doubt-Solving App – the Latest in Buzzing EdTech Acquisitions in India
Indian online tutoring startup Vedantu has acquired Instasolv, a doubt-solving app – marking its first acquisition in the buzzing educational technology space. While the details of the deal remain undisclosed, Vedantu had also invested $2 million in Instasolv in July 2020.
“Last year we took a strategic decision to invest in Instasolv to strengthen our play in doubt-solving, which is one of the key aspects of learning online. We have seen tremendous potential in Instasolv and share the same mission to democratize education in the country. Through this partnership we endeavor to change India’s learning curve through definitive outcomes,” said Vamsi Krishna, chief executive officer and co-founder of Vedantu, in a statement.
The latest acquisition will bring on board Instasolv’s 1 million learners to Vedantu’s platform which is already 25 million strong. Instasolv was founded in 2019 by IIT graduates Aditya Singhal, Nishant Sinha, and Bahul Arora.
Photo courtesy of Siyavula Education.
Source: Business Insider India (link opens in a new window)
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