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.