Vedantu acquires doubt-solving platform Instasolv
New Delhi, Feb 22, 2021: Ed-tech startup Vedantu has fully acquired Instasolv, a doubt-solving app for students of classes 6 to 12 for science, mathematics.
The ed-tech firm, however, did not disclose the financial details of the deal. Earlier in 2020, Vedantu had invested USD 2 million as part of a pre-series A round 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. We have seen tremendous potential in Instasolv and share the same mission to democratize education in the country," Vedantu CEO and co-founder Vamsi Krishna said in the statement.
This is Vedantu's first acquisition in an education technology company to strengthen its focus in the instant dou...