Vedantu acquired edtech startup Instasolv


Online tutoring startup Vedantu has acquired doubt-solving app Instasolv, marking its first acquisition in a space that is seeing increasing consolidation.

Vedantu said the acquisition will strengthen its presence in Tier II and Tier III markets.

Last year, Vedantu had invested $2 million as part of a pre-series A funding in Instasolv.

“Last year we took a strategic decision to invest in Instasolv to strengthen our play in doubt-solving, which is one of the key aspects of learning online. Through this partnership we endeavor to change India’s learning curve through definitive outcomes,” said Vamsi Krishna, CEO and Co-Founder, Vedantu.

https://www.moneycontrol.com/news/business/startup/online-tutoring-startup-vedantu-acquires-doubt-solving-app-instasolv-6555101.html

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