Edtech unicorn Vedantu acquires test prep platform Deeksha for $40-M

Edtech unicorn Vedantu has acquired Bengaluru-based Deeksha (Ace Creative Learning Pvt Ltd), a test preparation platform for board and competitive exams, for a cash and equity consideration of USD 40 million. Deeksha has 40 offline centres across Telangana, Andhra Pradesh and Karnataka, and over 13,000 students. Deeksha helps students in grades 11 and 12 to prepare for competitive exams such as the Joint Entrance Examination (JEE), National Eligibility cum Entrance Test (NEET), and the Karnataka Common Entrance Test (KCET).