Edtech unicorn Byju’s announced the acquisition of LabInApp, a startup that offers lab-like simulations for science students on a mobile app.
Founded by engineering graduates Girish Shirigannavar, Pavan Shinde, Pramod Ramdurg and Vinayak Hulabutti, LabInApp is on a mission to revolutionize science learning through 3-dimensional virtual laboratory. Its platform is built on real time computer graphics technology which helps students & teachers to interact, visualize and explore science.
The acquisition, for an undisclosed amount, will give Unitus Ventures, a backer of LabInApp, a full exit, as per ETtech report.
“While schools have their set of challenges, students shouldn’t miss out on experiential learning. Keeping this in mind, we have created a virtual learning and teaching environment representing science laboratories where teachers can teach practical concepts to students,” said Pavan Shinde, cofounder and CEO of LabInApp.
The startup said it had on boarded over 5,000 schools for its product with its simulations covering concepts across Physics, Chemistry, Biology and Mathematics, for students in grades 6-12.
“Acquisition of LabInApp by Byju’s during the course of a global pandemic exemplifies the growth story of innovative ed-tech solutions. Unitus remains steadfast in mentoring early stage start-ups applying advanced technology to meet the needs of India’s lower-income populations,” said Will Poole, Managing Partner at Unitus Ventures.
The acquisition comes after Byju’s acquired smaller rival WhiteHat Jr for $300 million, a deal aimed at opening the door for the Indian ed-tech company’s entry into the US market.
Recently, Byju’s raised $500 million in funding led by US private equity giant Silver Lake at a $10.8 billion valuation. The company is looking to utilise the capital to aggressively expand the segments it is present in and grow its presence outside India.
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