National Olympiad Foundation (NOF) has acquired Jaipur-based edtech startup Edurer in part-cash and part-equity deal. With this acquisition, the Founders of Edurer, apart from getting equity, will also join NOF’s top management firm.
Setup in 2016, Edurer intends to offer B2B SaaS services that help educational organisations offer enhanced, personalised and gamified learning experience to their students.
Anjali Bansiwal, CEO at Edurer, said, “We are quite excited about the acquisition. NOF is one of the few educational companies in our country who are addressing educational issues at the root level. Their domain knowledge will surely be of great use in developing the AI-based learning platform.”
Sandesh Vyas, Co-Founder and CEO, National Olympiad Foundation, stated, “We are currently working on a learning technology platform in K-12 domain using advanced cognitive architectures, predictive algorithms and smart recommendations hence the acquisition of Edurer was a strategic decision.”
