I just spoke to Hitesh Oberoi, COO of Info Edge, who informed me that Applect is founded by Ritesh Hemrajani and Pavan Chauhan, both with experience in the education segment. Applect will be launching a separate site focused on e-learning (not Shiksha). Applect has been doing mostly offline work, and offshore development, and has the capacity and staffing to develop content. "They understand content and education business, we understand online. The initial job will be to take the tests and content online," said Oberoi. Original story: Info Edge India has informed the BSE that they intend to pick up 40 percent stake in educational content company Applect Learnings Systems, for a total of Rs. 6.5 crores (around $1.5 Million). So far, they've already invested Rs. 1 crore (around $235,000). Applects website doesn't mention its founders, only "Applect's management team comprises MBAs from the IIMs...cumulative corporate experience of more than 35 years in the education industry." Some key points about this investment: -- Why Applect: Applect provides content development services for the K-12 segment (literally - KG to Class 12), which is essentially pre-college. Two of their products - Career Assessment Program (CAP) and Test Prep - UG (for entrance exams for BMS, BBS, BBA, LAW, IT, HM, Mass Communication) - will fit in well with Info Edge's educational portal Shiksha.com. -- Growing Significance Of The Educational Segment: Take a look at last few significant announcements from Info Edge - the investment in Applect, the previous investment of $3 million in…
- Indian Govt to come up with Search and Seizure Guidelines by December 14: Supreme Court December 6, 2023
- Uttar Pradesh Government begins process to use Drones to Monitor MNREGS Sites December 6, 2023
- Meta and IBM Forge ‘AI Alliance’ With 50 Members Focusing On Open Innovation in Artificial Intelligence December 6, 2023
- Delhi Govt notifies Motor Vehicle Aggregator and Delivery Service Provider Scheme 2023 December 6, 2023
- Post Office Bill 2023 passed in Rajya Sabha: Here are the major privacy concerns raised by MPs December 5, 2023
MediaNama’s mission is to help build a digital ecosystem which is open, fair, global and competitive.
Factors like Indus not charging developers any commission for in-app payments and antitrust orders issued by India's competition regulator against Google could contribute to...
Is open-sourcing of AI, and the use cases that come with it, a good starting point to discuss the responsibility and liability of AI?...
RBI Deputy Governor Rabi Shankar called for self-regulation in the fintech sector, but here's why we disagree with his stance.
Straw man fallacy: IT Ministers’ defence of government exemptions in data protection law misses the point
Both the IT Minister and the IT Minister of State have chosen to avoid the actual concerns raised, and have instead defended against lesser...
The Central Board of Film Certification found power outside the Cinematograph Act and came to be known as the Censor Board. Are OTT self-regulating...
Please subscribe to MediaNama. Don't share prints and PDFs.
You May Also Like
Google has released a Google Travel Trends Report which states that branded budget hotel search queries grew 179% year over year (YOY) in India, in...
135 job openings in over 60 companies are listed at our free Digital and Mobile Job Board: If you’re looking for a job, or...
Twitter takes down tweets from MP, MLA, editor criticising handling of pandemic upon government request
By Aroon Deep and Aditya Chunduru You’re reading it here first: Twitter has complied with government requests to censor 52 tweets that mostly criticised...