Edtech platform Vedantu takes majority stake in Deeksha for $40 mn

Edtech unicorn Vedantu said it has bought a majority stake in Deeksha (Ace Creative Learning Pvt. Ltd) for $40 million. Deeksha is a leading test preparation platform in Karnataka for the board and competitive exam coaching for students of grades 11th and 12th.

Since 1998, Deeksha taught over 65,000 students through its 39 centres, across 3 states. This partnership seeks to leverage Vedantu’s technology and integrate it into offline centres to create a scalable hybrid model which provides access to teaching even in remote Tier 3 and Tier 4 towns at affordable cost.

With this strategic investment, Deeksha will bring in close to 13,000 of its students to Vedantu’s platform.