SUMMARY
With the acquisition, Sri Chaitanya Group-backed Infinity Learn launched ’Infinity Futurz’ to augment its offering
The vertical will help students learn high order thinking skills
Infinity Learn aims to onboard 1 Mn early years students on Infinity Futurz over the next 24 months
Education group Sri Chaitanya-backed edtech startup Infinity Learn has acquired a majority stake in Wizklub for $10 Mn. Wizklub is a holistic cognitive development edtech startup targeted at 6-14 years old school children.
With this acquisition, Infinity Learn has launched ’Infinity Futurz’ to further augment its portfolio offerings to the K12 segment. The vertical will help students to learn high order thinking skills such as analytical thinking, complex problem solving, critical thinking, innovation, active learning, and the ability to use technology to solve problems.
Infinity Learn aims to onboard 1 Mn early years students on Infinity Futurz over the next 24 months. In addition, the edtech platform also wants to take Wizklub’s offerings to English speaking nations this year through Futurz.
“Infinity Learn strives to fuel learners’ success and become a dominating k-12 player through holistic learning and teaching. The journey of a learner begins at an early age. In order to succeed in the future, a student in this decade must study a variety of core competencies. These abilities are best acquired during childhood, which Wizklub is addressing in a scientific and predictable manner,” Ujjwal Singh, CEO and president of Infinity Learn, Sri Chaitanya, said.
This is Infinity Learn’s third acquisition in the edtech space. It acquired Hyderabad-based edtech startup Teacherr in October last year and concept-based multilingual content platform Don’t Memorise in March.
Sri Chaitanya Group entered the edtech space with the launch of Infinity Learn last June. It competes with BYJU’s, Upgrad, Vedantu, Unacademy, Eruditus, among others.
Sri Chaitanya Group claims to have achieved more than 1 Mn registered users and 100,000 paid users on Infinity Learn since its commercial launch eight months ago.
Due to pandemic restrictions and stay-at-home mandates, the edtech sector has seen rapid growth in the last two years. In 2021, Indian edtech startups raised $4.7 Bn to emerge as the third most-funded sector, as per an Inc42 analysis. However, as schools and colleges reopen, it may turn out to be challenging for edtech startups to retain user growth and engagement.
Some of the edtech giants have already started opening offline centres to diversify their offerings. For instance, Byju’s acquired Aakash Institute, one of India’s largest brick-and-mortar coaching institutes, last year to scale up its offline presence. Last week, Gaurav Munjal-led Unacademy also revealed its plans to launch offline centres, called Learning Centre.
