Vedantu takes majority stake in test prep platform Deeksha for $40 mn

Live online learning platform Vedantu on Thursday announced it has bought a majority stake in test preparation platform Deeksha (Ace Creative Learning Pvt Ltd) for $40 million.

Deeksha is one of the leading K-12 test preparation players in Karnataka and according to Vedantu, this strategic partnership will further its hybrid education strategy.

Since 1998, Deeksha has created over 65,000 success stories through its 39 centres across three states.

“With this acquisition, our mission is to empower and scale Deeksha’s current learning model by deploying our disruptive in-house hybrid technology to reach the masses in remote areas and create impact at scale,” said Vamsi Krishna, CEO, and Co-Founder, Vedantu.