Vedantu Acquires Instasolv Which is a Doubt-Solving Platform With An Undisclosed Amount

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Vedantu Acquires Instasolv Which is a Doubt-Solving Platform

On Monday, Ed-tech start-up Vedantu said it had totally acquired Instasolv, a doubt-solving software for physics, mathematics, and IITJEE and NEET students in grades 6 to 12. However, the ed-tech corporation did not reveal the deal’s financial details. As part of a pre-series A round fund in Instasolv, Vedantu had invested $2 million earlier in 2020.

We took a strategic decision last year to invest in Instasolv to reinforce our position in doubt-solving, which is one of the core facets of online learning. In Instasolv, we have seen the tremendous potential and share the same goal of democratizing education in the nation,ā€ Vedantu CEO and co-founder Vamsi Krishna said in the release.

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This is the first acquisition of Vedantu to strengthen its focus in the immediate doubt-solving room in an education technology business, where doubts are solved by quality teachers in a chat format. In 2020, Vedantu offered 75 million hours of lessons across its website, attending LIVE classes with 6.3 million students.

“We are pleased to expand Vedantu’s financial commitment to a complete takeover. Instasolv has been at the forefront in offering doubt-solving solutions and its partnership with Vedantu will only strengthen Vedantu’s Live Class platform and help in achieving quality learning outcomes to millions of students,” said co-founder Aditya Singhal, Instasolv CEO. The acquisition of Instasolv takes to Vedantu’s network nearly 1 million of its future active learners, the statement said.

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