M&A

M&A

Edtech platform Veranda Learning acquires 7 cos valued at Rs.400-Cr

Press Release   Business Line  

Publicly-listed Veranda Learning Solutions, a Chennai-based ed-tech platform, is acquiring seven businesses through its wholly-owned subsidiary, Veranda Administrative Learning Solutions Pvt Ltd., for a total valuation of over INR 400 crore. The acquired companies include Chennai-based Educare Infrastructure; Coimbatore-based skill development firm Six Phrase, emerging technology upskilling company Smart Bridge, Kerala-based competitive exam trainer Talent Academy, Talent Publications, banks exams trainer Phire Learning and IT upskilling platform BAssure. Founded in 2018 by the Kalpathi AGS Group, Veranda offers programs to prepare for exams such as the State Public Service Commission, Banking, Insurance, Railways, UPSC and CA, and upskilling programs through its subsidiaries Veranda RACE, Veranda IAS, and Edureka, among others.