Rise India Acquires Edtech Startup PadhoPadhao

Gurgaon-based Rise India, an aggregator in the education sector, has acquired Padhopadhao.com, a home tutor aggregator portal for an undisclosed amount.

The company has acquired 60% stake and with this Padhopadhao.com will get an aid to upgrade its services to gain a strong foothold in the industry.

Launched in 2014, Padhopadhao.com, is a rising education startup that ensures quality home tuition. It covers Delhi/NCR with 48,000 registered tutors, which have served more than 60,000 parents and students.

Ajay Chhangani, CEO, Rise India said, “Padhopadhao.com is a much-needed effort to improve Home Tuition in India.” He further added, “Currently an unorganised sector, however, there is a lot of scope in the home tuitions industry. Our effort is to organise this industry in the next few years and through technology and innovative automatic tools, provide an integrated platform to make the entire process beneficial for students as well as for tutors.”

Through this coalition, the portal will be able to establish its presence in Mumbai, Jaipur, Chennai, Chandigarh, Bangalore & Hyderabad.

With no change in management, co-founders Hemant Garg and Akhilesh Kumar will continue to represent Padhaopdhao.com.

Through its ventures, Rise India has succeeded in training and placement of over 50,000 students in sectors such as retail, IT, BSFI, construction, driving, and renewable energy.

Rise India empowers promising small-to-mid size companies by offering them growth capital and a healthy integrated ecosystem.

Founded in 2012, Rise India specialises in providing their stakeholders; Entrepreneurs, individuals and Government, robust turn-key solutions which includes Finance, Corporate Training, Educational and Skill Development. Along with Padhopadhao.com, the company has successfully acquired and invested in various companies including ICFE, RVS Rise and BQ Academy.

So far, it has accomplished skilling 1.5 lakh candidates across India, with a presence in over 10 states, 85 Skill development centers and smart classes in over 100 school campuses.

Earlier this week, Delhi-based edtech startup Qonfuse raised an undisclosed amount of seed funding from CureInstant founder Hamraj Kumar, through a Facebook Group, Startup Delhi (Abhishek Kumar Gupta).

Welcome to Flash Feed, your essential source for breaking news and innovation from around the web – bite-sized and updated all day.