Infinity Learn, an edtech business financed by Sri Chaitanya, has purchased a majority stake in Wizklub for $10 million. Wizklub is an edtech business that focuses on comprehensive cognitive development for children aged 6 to 14.
Infinity Learn has introduced ‘Infinity Futurz’ to its range of K12 programs as a result of this acquisition. Students will develop high-order thinking abilities such as analytical thinking, complex problem solving, critical thinking, innovation, active learning, and the capacity to use technology to solve problems as a result of this vertical.
Over the next 24 months, Infinity Learn hopes to enroll 1 million early childhood students on Infinity Futurz. Furthermore, through Futurz, the edtech platform hopes to bring Wizklub’s offerings to English-speaking countries this year.
“Through comprehensive learning and teaching, Infinity Learn aspires to drive learners’ achievement and become a dominant k-12 player.” A learner’s journey begins at a young age. A student in this decade must study a variety of key talents to flourish in the future. Wizklub is tackling these abilities systematically and predictably during childhood,” said Ujjwal Singh, CEO and president of Infinity Learn, Sri Chaitanya.
Infinity learn in edtech area
Infinity Learn has made three acquisitions in the edtech area. In October of last year, it bought Hyderabad-based ed-tech firm Teacher, and in March, it purchased concept-based multilingual content platform Don’t Memorise.
With the launch of Infinity Learn in June, Sri Chaitanya Group entered the edtech industry. BYJU’s, Upgrad, Vedantu, Unacademy, and Eruditus are among the competitors.
Since its commercial introduction eight months ago, Sri Chaitanya Group boasts that Infinity Learn has more than 1 million registered users and 100,000 paid users.
The edtech sector has grown rapidly in the previous two years as a result of pandemic restrictions and stay-at-home mandates. Indian edtech firms raised $4.7 billion in 2021, making them the third most-funded sector. However, as schools and colleges reopen, edtech businesses may find it difficult to maintain user growth and engagement.
To broaden their offerings, some edtech behemoths have already begun to construct offline centers. To expand its offline presence, Byju’s purchased Aakash Institute, one of India’s leading brick-and-mortar coaching institutes, last year. Unacademy, managed by Gaurav Munjal, also announced intentions to open offline Learning Centres last week.