Vedantu announces its acquisition of a majority stake for $40 million which is around INR 330 crore (1 USD = INR 82.63) in Deeksha a test preparation platform in Karnataka for the board and competitive exam coaching.

"With this acquisition, our mission is to empower and scale Deeksha's current learning model by deploying our disruptive in-house hybrid technology to reach the masses in remote areas and create impact at scale," said Vamsi Krishna, CEO, and Co-Founder, Vedantu.

Vedantu will seek leverage in this partnership and will integrate into offline centres to create a scalable hybrid model which will provide access to quality teaching in remote areas of Tier III and Tier IV towns at affordable cost. According to a statement Deeksha has created over 65,000 successful students through its 39 centres present across 3 states in the period of 23 years.

This initiative will further support Deeksha’s learning model will get support from this initiative as it specializes in competitive exam prep in sync with board exam preparation by collaborating with schools and colleges. After this investment, Deeksha will bring its 13,000 students to Vedantu’s platform.