About 75 per cent of schools in India lack fully equipped science laboratories because of lack of infrastructure and budget to support and maintain labs. Founded in 2015 by Pavan Shinde, Girish Shirigannavar, Pramod Ramdurg, and Vinayak Hulabutti, LabInApp addresses this problem through digital labs which are enabled by virtual simulation of lab equipment and experiments without requiring an expensive laboratory setup. The solution now has over 5,000 schools on-board across India.
“Technology has become the core to most human essentials, with ed-tech topping the chart; especially in the pandemic world. To further scale LabInApp’s products and potential, there is no better education platform than Byju’s, who have a huge number of K-12 students actively using their services,” said Shinde, who is co-founder and CEO of the startup.
With this, Bjyu’s, which is currently valued at around $11 billion, has already acquired half a dozen apps in edtech
platforms in a bid to become a super app in the edtech
According to an Entrackr report, the mega edtech company is also in talks with doubt clearing platform Doubtnut at a valuation of over $100 million. This move could help Byju’s set up base in Tier III and Tier IV towns, where it is almost absent.
While in 2019 the Silver Lake backed company acquired US-based learning platform Osmo for $120 million as part of its international expansion strategy, in 2018, the company acquired math learning startup Math Adventures. Earlier in 2017, Byju’s also acquired US-based online tutoring apps TutorVista, Edurite and student assessment platform Vidyartha.
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