BYJU’S Acquires Unitus-Backed Edtech Startup LabinApp

BYJU’S Acquires Unitus-Backed Edtech Startup LabinApp


LabInApp enables K-12 students & teachers to perform curriculum-based science experiments in a real-time 3D computer graphics environment

The Hubli-based startup was launched in 2015 and has more than 5000 schools on-board across India

LabInApp is BYJU'S sixth acquisition overall and this year's second

Edtech unicorn BYJU’S on Thursday (September 17) acquired Unitus Ventures’ funded edtech startup LabinApp for an undisclosed amount. 

Founded in 2015 by Pavan Shinde, Girish Shirigannavar, Pramod Ramdurg, and Vinayak Hulabutti, LabInApp provides license-based programmes that include experiments in general science, physics, chemistry, and biology for class 9 to class 12 using 3D simulation. The company claims to has more than 5,000 schools on-board across India and over 550 simulations, with more in various stages of development.

“Technology has become the core to most human essentials, with edtech 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”, said Pavan Shinde, Co-founder & CEO, LabInApp. 

Hubli-based LabInApp raised its seed round from Unitus Seed Fund along with participation from other investors including Sylvant Advisors in 2016. With BYJU’S acquisition, Unitus will be exiting the company completely.

LabInApp is BYJU’S sixth acquisition overall and this year’s second. Earlier this year, it acquired Whitehat Jr. for $300 Mn. Last year, it acquired Palo Alto based Osmo for $120 Mn. Its other acquisitions include — Math Adventures, Tutorvista and Vidyartha.

Founded in 2008 by Divya Gokulnath and Byju Raveendran, BYJU’S recently raised $500 Mn in a funding round led by US-based private equity investor Silver Lake. The round had valued BYJU’S at $10.8 Bn. BYJU’S is currently the highest valued edtech startup in the world and has noticed an uptake in its userbase since the lockdown. The company claims to have added nearly 20 Mn new students, on its platform. Overall, it has a userbase to 64 Mn students, of which 4.2 Mn have annual paid subscriptions.

According to Inc42 Plus, Indian edtech startups have raised total funding of $2 Bn across 353 deals between 2014-H1 2020 and over 43 edtech startups have got acquired. From $247 Mn in 2017, the opportunity in India’s online education market is estimated to soar to $2 Bn in 2021, according to Inc42 Plus’ Edtech Opportunity Report.

You have reached your limit of free stories
Become An Inc42 Plus Member

Become a Startup Insider in 2024 with Inc42 Plus. Join our exclusive community of 10,000+ founders, investors & operators and stay ahead in India’s startup & business economy.

Unlock 60% OFF
Cancel Anytime
Unlock 50% OFF
Cancel Anytime
Already A Member?
Discover Startups & Business Models

Unleash your potential by exploring unlimited articles, trackers, and playbooks. Identify the hottest startup deals, supercharge your innovation projects, and stay updated with expert curation.

BYJU’S Acquires Unitus-Backed Edtech Startup LabinApp-Inc42 Media
How-To’s on Starting & Scaling Up

Empower yourself with comprehensive playbooks, expert analysis, and invaluable insights. Learn to validate ideas, acquire customers, secure funding, and navigate the journey to startup success.

BYJU’S Acquires Unitus-Backed Edtech Startup LabinApp-Inc42 Media
Identify Trends & New Markets

Access 75+ in-depth reports on frontier industries. Gain exclusive market intelligence, understand market landscapes, and decode emerging trends to make informed decisions.

BYJU’S Acquires Unitus-Backed Edtech Startup LabinApp-Inc42 Media
Track & Decode the Investment Landscape

Stay ahead with startup and funding trackers. Analyse investment strategies, profile successful investors, and keep track of upcoming funds, accelerators, and more.

BYJU’S Acquires Unitus-Backed Edtech Startup LabinApp-Inc42 Media
BYJU’S Acquires Unitus-Backed Edtech Startup LabinApp-Inc42 Media
You’re in Good company