Hyderabad-based digital education provider, Next Education, has acquired IIT Bombay-incubated startup InOpen Technologies for its K-12 computer science product Computer Masti, in an all-cash deal. Computer Masti was created jointly by IIT-B and InOpen.
Computer Masti is a core computer science curriculum that focuses on building life skills through computer science by emphasising underlying concepts and not merely software-specific skills.
Rupesh Kumar Shah, CEO of InOpen said, “The acquisition by Next Education will scale Computer Masti, and approximately 3 Mn students will use CS 101 by July 2017. I believe that it’s the largest computer science focused implementation in India.”
InOpen was co-founded by Sridhar Iyer and Rupesh Kumar Shah in 2009. It is a IIT Bombay based educational startup with focus on developing high quality academic content through deep research. The company offers products and services to private and public schools.
Currently, it is serving more than 6,00,000 students directly through our products.
InOpen had raised seed capital of INR 25 lakh in its early days, and got a boost when State Bank of India lent INR 50 lakh without any collateral in August 2010, while venture capital fund VenturEast invested $500K later.