Byju's has acquired virtual simulations startup LabInApp

CIOReviewIndia Team | Friday, 18 September 2020, 04:47 IST

  • No Image

Byju's has acquired virtual simulations startup LabInApp

LabInApp which is  a startup that offers lab-like simulations for science students on a mobile app has been acquired by  Education technology leader Byju's.  This acquisition has been done in an undisclosed amount and will fully exit Unitus Ventures who is the backer of Lainapp. 

 

To create virtual simulations of science experiments, Hubli-based LabInApp uses technologies to make desktop and mobile games to give students an ability to gain practical knowledge in the absence of physical infrastructure. 

"While schools have their set of challenges, students shouldn't miss out on experiential learning. Keeping this in mind, we have created a virtual learning and teaching environment representing science laboratories where teachers can teach practical concepts to students," said Pavan Shinde, co-founder and CEO of LabInApp. 

With its simulations covering concepts across Physics, Chemistry, Biology and Mathematics, for students in grades 6-12, the startup said it had on boarded over 5,000 schools for its product.  

"Acquisition of LabInApp by Byju's during the course of a global pandemic exemplifies the growth story of innovative ed-tech solutions. Unitus remains steadfast in mentoring early stage start-ups applying advanced technology to meet the needs of India's lower-income populations," said Will Poole, Managing Partner at Unitus Ventures. 

Led by US private equity giant Silver Lake at a $10.8 billion valuation, the acquisition comes soon after Byju's raised $500 million in funding. And to grow its presence outside India,  the company is looking to utilise the capital to aggressively expand the segments. 

🍪 Do you like cookies?

We use cookies to ensure you get the best experience on our website. Read more...