Kota-based Allen Career Institute announced on Monday the acquisition of doubt-solving edtech platform Doubtnut for an undisclosed sum.
Doubtnut's team will continue building out its primary offering for students, while Allen will be able to cross-sell its curriculum and academic offerings to the Gurugram-based firm's student base, according to a press release.
This is Allen's first-ever acquisition of an Indian edtech startup. However, it has been appointing former professionals from Amazon, Google, Meta and Twitter, among others, to its Allen Digital team to build out edtech products from Bengaluru. It recently appointed former Meta executive Abha Maheshwari as the chief executive officer for Allen Digital.
"Doubtnut's platform will allow us to greatly enhance the learning experience for our students," Allen Chief Executive Officer Nitin Kukreja said. "We are also excited by the prospects of offering Allen's high-quality academic products to a wider audience."
RECOMMENDED FOR YOU
Deep-Tech Startup Nexstem Raises $3.5 Million To Accelerate Development In Neurotech
Nov 12, 2024
Edtech Startup Bhanzu Raises $16.5 Million Led By Epiq Capital And Z3Partners
Nov 11, 2024
Andreessen Horowitz Leads $50 Million Funding For AI Startup 11x
Nov 11, 2024
Ola's Valuation Cut To $2 Billion By Vanguard
Nov 05, 2024
POPULAR