Leadership Boulevard Pvt Ltd, which operates business-to-business education-technology startup LEAD School, has acquired gamified student assessment platform QuizNext.
In a statement, Mumbai-based LEAD School said the acquisition will help it to enhance its offerings.
LEAD School will also integrate QuizNext’s artificial intelligence-based features to serve educational institutes’ assessment needs while providing students with gamified elements and personalised recommendations.
The two companies did not disclose the financial details of the transaction.
QuizNext says its platform provides practice modes for ICSE and CBSE students, with features such as gamified learning, personalised revision, and curriculum-based interactive content.
“LEAD School is committed to providing complete, seamless schooling irrespective of whether schools are physically open or shut. Integration of QuizNext into our platform is another step in this direction,” LEAD School co-founder and chief operating officer Smita Deorah said.
LEAD School was founded by Sumeet Mehta and Deorah in 2012. The company began operations by running affordable schools and teaching middle-school students. It then built out its platform, the LEAD School Integrated System, and began offering it in 2017.
It claims to have so far partnered with over 1,000 schools that have a strength of more than four lakh students across 400 cities in the country. According to VCCEdge, the company reported net sales of Rs 6.33 crore for the 2018-19 financial year, with losses of Rs 7.17 crore for the same period.
In August this year, LEAD School raised $28 million (around Rs 210 crore) in a Series C funding round that was led by private equity firm WestBridge Capital. Existing venture-stage investor Elevar Equity also participated in the round.
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