Liquidity Events
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).
From the Venture Intelligence PE-VC Deal Database: Between Nov-10 and Oct-12, Ace Creative Learning had raised over USD 7 M from Catamaran Ventures, Kaizen PE and Accel India (Subscribers to the database can login to view the valuation, deal structuring and other transaction details.)
Want to receive such news items in your inbox? Click Here to sign up for a trial.
