Veranda Acquires Edureka For Rs. 245 Crores
This 100 per cent acquisition marks Veranda Learning Solutions’ second buyout since December 2020.
The Kalpathi AGS Group-owned Veranda Learning Solutions has acquired edtech Edureka, a live-instructor-led online solutions provider for the IT industry.
Veranda is planning an outlay of around $100 million for acquisitions over the next 6 months to seize the opportunities opening up in the edtech space.
Kalpathi Group forayed into the $1.96 billion ed-tech space by launching Veranda Learning Solutions with aspirations to create a world-class enterprise with Indian values.
Veranda acquired the online business of Chennai Race, a coaching institute for Banking, SSC and PSC exams in late FY2020 and launched Veranda Race. The company has also launched programs for CA and IAS aspirants this quarter under the brand of Veranda CA and Veranda IAS respectively.
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