Vedantu acquires majority stake in Deeksha for $40 million in offline push

Indian edtech Vedantu has acquired a majority stake in education chain Deeksha for $40 million, the latest in local online learning platforms’ growing attempts at tapping opportunities in the offline market.
The Bengaluru-headquartered Vedantu, which became a unicorn last year, said it will integrate its technology into offline centers of Deeksha as part of the strategic partnership to create a “scalable hybrid model.” Deeksha, is a 22-year-old institution that operates 39 physical centers in three Indian states and coaches students in 11th and 12th grade to operate for competitive exams.
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