Edtech unicorn Vedantu has acquired a majority stake in Deeksha (Ace Creative Learning) at a deal size of $40 million.
Deeksha, a test preparation platform for board and competitive exam coaching for kids in grades 9 through 12, was established in Karnataka in 1998. With 39 locations, it is present in three states: Telangana, Andhra Pradesh, and Karnataka.
Deeksha will bring around 13,000 students to Vedantu’s platform with this tactical investment. Deeksha will also take use of Vedantu’s previously established track record for excellence in LIVE Classes, educational technology, and pedagogical content.
Vedantu acquired the doubt-clearing software Instasolv in February 2021 for an undisclosed sum with the intention of extending its reach into Tier III and Tier V cities.
In July 2021, the online tutoring startup had acquired Ahmedabad-based edtech startup Pedagogy in a cash and stock deal