Next Education acquires InOpen Technologies

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.

Toppr.com acquires EasyPrep

Online test preparation platform Toppr.com has acquired Jodhpur based EasyPrep an online platform to help students prepare for entrance exams, for an undisclosed amount. Entrance Exam preparation market for K-12 Students is valued at $8 Billion and growing 20 percent every year.

EasyPrep is a customized exam creation platform for schools, coaching institutes and teachers and an exam preparation platform for students. EasyPrep provides an online/offline platform for schools, coaching institutes and teachers to create exam papers for their classroom teaching, for student’s assessment and for helping students prepare for competitive examinations.

Toppr.com provides students with insights into their strong and weak areas through which they can effectively decide where to invest their time in practicing for the entrance examination. It also predicts what rank they will have on the basis of their current performance and how they can improve their rank. The analysis gives the student a real picture and motivation to improve and reach in IIT.

In a short span, Toppr.com has a grown team of over 100 members and serving over 1, 50,000+ students across India. Earlier this month, Singapore based XSEED Education Pte acquired online learning management business of Pleolabs, an Indian Education technology startup.