GetMyUni, a Times Internet-backed ed-tech start-up revolutionizing the college admissions space in India, announced that it has acquired online learning startup Avagmah from AEON Learning in an all-cash deal on June 18, 2020, according to a YourStory report.
Post acquisition, GetMyUni will be using its existing distribution of a 40 million annual user base and 300+ university partners to enter the booming OPM space.
Founded in 2015, Avagmah is a full stack OPM (online program manager) and enables universities to fully outsource their online programs.
Avagmah had raised $5 million from Lionrock Capital, Zodius Capital, Kris Gopalakrishnan, Atul Nishar, and MEMG (Manipal Group) before it merged with Acadgild to form AEON Learning.
“Since inception, we have always wanted to create impact at scale. Our core business of student acquisition for universities across India and abroad has grown over 200 percent since 2019. This acquisition allows us to complete the value chain for our users by directly impacting the content delivery part of the business,” said Upneet Grover, CEO and Founder, GetMyUni.
“Also, the acquisition allows us to pursue our vision to make higher education accessible to everyone in India, irrespective of their financial status or access to traditional offline setup, wherein private education is too expensive and public education is very average in its outcome,” Upneet further added.
Started in 2015, GetMyUni is a Times Internet-backed edtech platform, which helps students with their post K-12 learning journey. It owns and operates three online platforms – GetMyUni, IELTS Material, and The College Monk.
GetMyUni helps students in choosing the right college by providing them access to exhaustive college information, data points, student ratings, reviews, forums, and a student connect platform.
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