India’s edtech unicorn BYJU’S acquires LabInApp

Featured image: A file-photo of Byju Raveendran, Founder & CEO of BYJU’s

LAFFAZ Media

Edtech unicorn BYJU’S on Thursday (September 17 2020) acquired LabinApp, an edtech startup backed by Unitus Ventures. The amount of acquisition has not been disclosed yet. As a part of the acquisition, Unitus will take exit from the company.

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Founded in 2015 by Pavan Shinde, Girish Shirigannavar, Pramod Ramdurg, and Vinayak Hulabutti, the Hubli, Karnataka-based LabInApp provides a license-based programme that includes experiments in general science, physics, chemistry and biology for class 9 to class 12 using 3D simulation.

According to Crunchbase, LabInApp until now has raised $100,000 investment across different rounds from Unitus Ventures, and various angel investors including Iftekhar Nihal, Madan Padaki, and Subhash Reddy.

Commenting on the acquisition of LabinApp, Pavan Shinde, Co-founder & CEO of LabInApp, in a statement said,

“Technology has become the core to most human essentials, with ed-tech topping the chart; especially in the pandemic world. While schools have their set of challenges, students shouldn’t miss out on experiential learning. Keeping this in mind, we have created a virtual learning & teaching environment representing science laboratories where teachers can teach practical concepts to students.”

BYJU’s present valuation of $10.8 billion makes it the highest valued edtech startup in the world. The company earlier this month raised $500 million from Silver Lake, and $122 million from DST Global last month.

Editorial Staff
Editorial Staff

The Editorial Staff at LAFFAZ encompasses fandoms of startup culture, crazy researchers, data analysts and writers who decrypt strenuous information into graspable news, produce noteworthy features and compelling stories.

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