New Delhi: Vedantu, a pioneer in LIVE online learning in India has acquired Instasolv, the 2nd largest doubt-solving app in the country for students from Class 6 to 12 for science, mathematics, IITJEE, and NEET. This is Vedantu’s first acquisition in an EdTech company to strengthen its focus in the instant doubt-solving space, where doubts are solved by quality teachers in a chat format. Vedantu’s tech prowess will strongly complement Instasolv’s instant doubt solving capabilities leading to a winning partnership in the EdTech space. Earlier in 2020, Vedantu had invested USD 2 Million as part of a pre-series A funding in Instasolv.
This also marks Vedantu’s growing focus into Tier 2 & Tier 3 towns where the access to quality teachers is a growing challenge and doubt solving is a key imperative for students.
While growing acceptance and changing mindsets for LIVE online learning have contributed towards category growth, Vedantu’s superior pedagogy and user experience have made it the most preferred K-12 learning platform amongst students and parents in India. In 2020, Vedantu has delivered 75 million hours of classes across its platform and with 6.3 million students attending LIVE classes.
Vamsi Krishna, CEO, and Co-Founder, Vedantu said, “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. We have seen tremendous potential in Instasolv and share the same mission to democratize education in the country. Through this partnership we endeavor to change India’s learning curve through definitive outcomes.”
Aditya Singhal, CEO Co-Founder, Instasolv said, “We are excited to extend this strategic investment from Vedantu to a full acquisition. Instasolv has been at the forefront in offering doubt-solving solutions and its partnership with Vedantu will only strengthen Vedantu’s Live Class platform and help achieving quality learning outcomes to millions of students.”
With this acquisition Instasolv brings in close to 1 Mn of its potential active learners to Vedantu’s platform. In addition, Instasolv will leverage Vedantu’s already existing strong credentials in LIVE Classes, tech, product and content.