Vedantu buys Deeksha for $ 40 million

14 Oct 2022 , 07:41 AM

Deeksha, a platform for preparing for board and competitive exams, has been purchased by the edtech unicorn Vedantu for $40 million in cash and stock.

With the acquisition of Ace Creative Learning, Deeksha’s parent company, Vedantu, hopes to strengthen its hybrid teaching strategy.

In June, it opened its first offline location in Muzaffarpur.

Vedantu would have access to Deeksha’s 13,000 students as well as around 40 offline centers spread across Telangana, Andhra Pradesh, and Karnataka as a result of the acquisition.

Deeksha will make use of Vedantu’s live course platform, as well as its content and technological resources, to provide its students hybrid (online and offline) learning.