New Delhi: Xseed Education Pte Ltd, a Singapore-based education company, on Tuesday said that it has acquired Pleolabs, a Delhi-based education technology start-up, for an undisclosed amount to expand its India offerings.
India is an interesting market from the school education point of view and education technology will be a key driver, said Anustup Nayak, vice-president, Xseed.
“While Xseed focuses on providing services to improve learning inside the classroom, Pleolabs focuses on outside-the-classroom services like academic management,” he said.
According to Nayak, the acquisition will help Xseed offer a complete school learning package, from curriculum design to training teachers and learning-management systems.
The acquisition reflects Xseed’s strategy to augment the scale and impact of its successful school learning programme by building a digital learning ecosystem that enables learning for every child through interactive engagement, differentiated curriculum and real-time assessment, the company said in a statement.
Pleolabs was set up by Kshitij Chopra, a graduate from the Indian Institute of Technology, Delhi, and his friend Yash Sahay, a technology professional, in 2012. It helps in facilitating the management of curricular resources, academic process workflows and collaborative learning interactions.
“Education technology in India has entered the second phase and now youngsters are setting up edu-tech companies realizing that the gestation period for such firms are more and profit will come late. These companies are driven by an ideology to change education outcomes and are not necessarily just providers of hardware like smart-class equipment,” said Chopra.
The education technology space may see some consolidation, with firms joining hands, collaborating or even getting acquired by bigger companies, he added.
Chopra said that Pleolabs was built to “change the way schools manage the learning life cycle. We see our partnership with Xseed as a continuation of that journey”.
(As published in livemint 7th April 2015)