Eupheus Learning acquires ClassKlap for $ 19 million

Eupheus Learning, a Delhi-based business-to-business electronics technology company, said on Tuesday it had acquired ClassKlap for $ 19 million (Rs 139 crore) in an all-share deal.

“With this, Eupheus Learning will become the largest school-focused edtech company in India and will be the only company in the K-12 space to operate in the premium and affordable school space,†the company said.

Eupheus Learning has focused on premium schools and has a distribution reach of 13,000 schools. ClassKlap has dominated the affordable private school segment, with the intention of personalizing learning for children. The combined entity is expected to have a reach of 18,000 schools with a sales team of more than 200 members, the statement said.

“This (acquisition) will not only generate economies of scale, it will also improve the traditional channel of service to schools by introducing hybrid solutions. We are now in a better position to provide personalized solutions to students, helping their overall development through integrated curriculum and course solutions – one of the core mandates of NEP (National Education Policy) 2020, â€said Amit Kapoor , co-founder of Eupheus Learning.

ClassKlap co-founders Varun Kumar and Naveen Mandava said in a statement, “With this integration, ClassKlap can unlock greater potential in the premium schools segment. Additionally, with our personalization technology and focus on learning analytics, our combined ability to transform classroom learning using student data can be dramatically increased. ”

Founded in June 2017, Eupheus Learning raised $ 10 million earlier this month as part of a Series C funding round led by Lightrock India, a global private equity platform. He plans to use the product to grow the business by expanding its product portfolio and entering new markets, and to pursue acquisitions. He has raised around $ 20 million so far.

Edtech Byju’s company announced last week that it had acquired the US-based coding platform Tynker under a share purchase agreement. Byju paid $ 150 million to $ 200 million for the acquisition, according to people familiar with the matter.