Eupheus Learning, a Delhi-based business-to-business ed tech company, has acquired Bengaluru-headquartered ClassKlap, which also operates in the B2B ed tech segment, and offers a school-based personalised curriculum programme adopted by more than 800 affordable private schools across India.
ClassKlap has been valued at $19 million in the all-stock deal.
Amit Kapoor, co-founder of Eupheus Learning, said: “Our vision is to democratise access to 21st century learning solutions and now we will move into the affordable schools space to create a larger impact across schools and students. This will not just drive economies of scale; however, it’ll also shape the future innovation in the learning domain with analytics. It will also enhance the traditional channel of servicing schools by introducing hybrid solutions and their delivery in the curriculum and supplemental space. We are delighted to welcome ClassKlap team to join the mission and we are sure that the synergistic offerings of the combined entity will be compelling for schools to partner with us.”
Varun Kumar and Naveen Mandava, co-founders of ClassKlap, stated: “In the K12 school space in India, Eupheus Learning and ClasKlap have been dominant in their respective segments of premium and affordable private schools. With this integration, ClassKlap can unlock greater potential in the premium school segment.”
Founded in 2017, Eupheus Learning, earlier this month raised $10 million in a Series C funding led by Lightrock India, a global private equity platform. With the consolidation of ClassKlap, LGT Aspada and Michael and Susan Dell Foundation, join the Eupheus captable along with the existing investors Sixth Sense Ventures, Yuj Kutumb, United Education Company and Al Ryan Holding Company.
Date published: 22 September 2021