Navneet Tech Ventures has entered into an agreement to buy Mumbai-based tutoring platform Genext Students Private Limited. In another deal, extracurricular edtech startup Kyt Technologies has acquired San Francisco-based DIY.org.
Navneet Tech buys Genext sake
Navneet Tech Ventures Private Limited, which is the wholly-owned subsidiary of Navneet Education Ltd (NEL), will hold a 51.80% stake in Genext Students Private Limited subject to the fulfilment of the terms of the agreement.
“With the fresh investment, Genext plans to create exciting tech products for the teacher community, strengthen the tech ecosystem and expand its reach to the heartland of India,” said Ali Asgar Kagzi, co-founder, Genext Students, said.
With a reach of more than 50,000 schools and institutes, 5 lakh tutors and over 1 crore students, Navneet will provide content, knowledge, and reach for Genext Students to grow aggressively.
Edtech startup Kyt acquires DIY.org
Existing students and teachers on Kyt will continue their live classes while the platform gradually moves users to DIY, it said in a blog post.
“With the acquisition of DIY, we are determined to continue growing exponentially. Over the next few months, we’ll be growing our team – hiring across key roles such as product, engineering, human resources, and marketing. We’ll also be partnering with many more curriculum and content creators around the world,” founders Bhavik Rathod and Tripti Ahuja said.
DIY offers access to 35+ courses, 3,500+ projects, and challenges across 160+ skills.