wordpress blog stats
Connect with us

Hi, what are you looking for?

Info Edge To Pick Up 40% Stake In Educational Content Company Applect For $1.5 Million

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 Study Places Inc alongwith KPCB and Sherpalo, and the launch of the launch of Shiksha.com indicates that education is emerging as a key segment for the company.
— Delhi Location: Appelect Solutions operates out of Delhi, while Study Places Inc operates out of Gurgaon, both in close proximity to investor Info Edge.

Disclosure: I own an inconsequential number of shares of Info Edge India Ltd

Advertisement. Scroll to continue reading.
Written By

MediaNama’s mission is to help build a digital ecosystem which is open, fair, global and competitive.

Views

News

Find out how people’s health data is understood to have value and who can benefit from that value.

News

The US and other countries' retreat from a laissez-faire approach to regulating markets presents India with a rare opportunity.

News

When news that Walmart would soon accept cryptocurrency turned out to be fake, it also became a teachable moment.

News

The DSCI's guidelines are patient-centric and act as a data privacy roadmap for healthcare service providers.

News

In this excerpt from the book, the authors focus on personal data and autocracies. One in particular – Russia.  Autocracies always prioritize information control...

You May Also Like

News

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...

Advert

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...

News

Rajesh Kumar* doesn’t have many enemies in life. But, Uber, for which he drives a cab everyday, is starting to look like one, he...

News

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...

MediaNama is the premier source of information and analysis on Technology Policy in India. More about MediaNama, and contact information, here.

© 2008-2021 Mixed Bag Media Pvt. Ltd. Developed By PixelVJ

Subscribe to our daily newsletter
Name:*
Your email address:*
*
Please enter all required fields Click to hide
Correct invalid entries Click to hide

© 2008-2021 Mixed Bag Media Pvt. Ltd. Developed By PixelVJ