FitKids, an education firm has acquired ThinkLABS, which is a company that provides hands on science and technology education.
The acquisition of ThinkLABS, adds about 100 more schools to the existing portfolio of 160 schools. FitKids claims that by the end of the year, it will come up with a product for the education vertical using technologies such as Artificial Intelligence and Natural Language Processing. It also claims to provide solutions in sports and physical education, creative movement, S.T.E.M. (Science, Technology, Engineering and Maths) and career counseling for children up to Grade 12.
It plans to scale its operations from 46 cities to 100 cities across the country through the acquisition.
The teammates from ThinkLABS will continue to operate independently and under the ThinkLABS umbrella that will also now include the DiscoverEd program.
Dev Roy, Founder and Mentor, FitKids stated that there is a huge gap between giving STEM education and Hands on Learning in India. This joint venture is going to erase this fundamental gap. The STEM offering of FitKids and ThinkLABS go to the market under the brands DiscoverEd and Eureka respectively. DiscoverEd works on the model of curriculum delivery at schools by its own teachers while Eureka works on the train the teacher model.
Gagan Goyal, Founder and CEO, ThinkLABS expressed his happiness and excitement for the new step. He also stated that Eureka will now reach to new heights after being associated with FitKids.
