Gurugram-based online counselling platform GrowthEX has acquired the technology platform of edtech startup\u00a0Leapwired for an undisclosed amount.\r\n\r\nLeapwired was founded in 2016 by Akshay Bhaskar, Aditya Goyal,\u00a0Hemanth Bhatia,\u00a0and Pranav Jang Bahadur. Leapwired is a telephonic consultation platform for students looking to make\u00a0informed academic and career decisions.\u00a0They are connected with experts to do so. It is based in Gurugram.\r\n\r\nGrowthEx was founded in 2014 by Varun Saxena and Ayesha Raval. GrowthEx is an online platform enabling personal and professional growth through online counselling, programmes and peer engagement. It is facilitated by an online and offline community of learners sharing common growth goals.\r\n\r\nThe company also provides courses for K-12, entrance\u00a0exams, certifications and up skills for working professionals.\r\n\r\nGrowthEX claims to have more than 100,000+ users, 5,000+ counsellors and 1,000+ programmes. In addition to India, the platform has users in Singapore, Qatar, Brazil, and Nigeria.\r\n\r\nThe platform acts as a two-way learning marketplace. It enables instructors to host the courses on the platform and the learners to discover and access the online courses.\r\n\r\nTalking about the acquisition GrowthEX CEO Varun Saxena said that it will help them build engaging internal and customer facing communities to improve customer engagement. The acquisition is also expected to help them improve the counsellor experience on the platform.\r\n\r\nHe further added, "We are working towards making personal wellness and online counselling much more scientific and personalised in days to come. The platform will use the power of data and peer engagement. It will leverage predictive analytics and artificial intelligence, to come up with proactive solutions for users, which may be used to enrich wellness at all the levels."\r\n\r\nIn April 2017, GrowthEx raised an undisclosed amount of funding from a clutch of angel investors. At the time of funding, the startup said that the funds would be used to scale up the number of experts and programmes on the platform. The investment will also be used enhance technology and multifold increase the community engagement initiatives.\r\n\r\nGlobally, the education market is valued at $1.3 Tn, with edtech products market valued at $40 Bn. Online education in India will witness 8x growth in the next five years, as per a recent report by Google, KPMG. This will have a significant impact on the edtech market that has a potential to touch $1.96 Bn by 2021 from where it stands now i.e. $247 Mn. India is poised to be the third-largest online market for education.\r\n\r\nAs per Inc42 DataLabs, by Q1 2017, funds amounting to $21.34 Mn (disclosed funds) have already been infused in the Indian edtech space across 11 deals. Other startups apart from GrowthEx direct competitors include YourDost and Lybrate. While other players\u00a0in the edtech space in India include \u00a0Simplilearn, BYJU\u2019s,\u00a0EduPristine, \u00a0Unacademy, Khan Academy, Udacity, Coursera, etc.