Hyderabad based Next Education has
acquired Indian Institute of Technology; Bombay incubated startup InOpen Technologies
for its K-12 computer science product Computer Masti. Computer Masti was
created jointly by IIT-B and InOpen and has a series of e-books to teach
computer science in schools.
This acquisition will scale
Computer Masti and approximately three Million students will use CS 101 (basics
of Computer science and programming) by July 2017. Computer Masti is a core
computer science curriculum. It focuses on building life skills through
computer science by emphasizing underlying concepts and not merely software
specific skills.
After the acquisition, InOpen
Technologies employees will move to Next Education. InOpen started with a seed
capital of Rs 25 Lakh and got a boost when State Bank of India lent Rs 50 Lakh
without any collateral in August 2010, while venture capital fund VenturEast invested
$500,000 later. Founded in 2007, Next Education has catered to more than seven
million students studying in their 7000-plus partner schools.
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