BYJU’s, the educational technology and online tutoring company in India have recently purchased LabInApp, the virtual simulation platform. LabInApp is a Unitus Ventures Investee firm that renders various science lab-similar simulation on mobile phones by administering immersive and interactive learning experiences for the students as well as the teachers.
LabInApp is a 5-year old company that was initially established in 2015 by a group of people namely Girish Shirigannavar, Vinayak Hulabutti, and Pramod Ramdurg. This firm provides about 550 simulations in and across different levels of development. These simulations deal with several problems that are ‘tough to teach and touch to learn’ and covers various concepts related to Chemistry, Biology, Maths, and Physics. The company issued this statement through a release.
About 5000 schools across the nation gain the utmost benefits with the startup’s solution. This app also delivers learning content in 2D or 3D forms of interactive simulations that eventually assists the students to comprehend challenging concepts in a better way. A computer graphic engine utilized to build various games on mobile phones and desktop devices is the fundamental technology that expertizes these virtual lab science experiments.
BYJU’s had acquired Mumbai-based WhiteHat Jt, an Indian edtech decacorn last month. The worth of the acquisition deal was $300 million. It is considered as the biggest acquisition of BYJU’s till date. After a month, the educational technology firm acquired LabInApp on Thursday without revealing the amount. With this acquisition, LabInApp’s previous backer Unitus Ventures acquires a complete exit. The core technology is compatible across various platforms such as Windows, Android, and the web.
Following the guidelines of NCERT, the content has been designed and it is also compatible with all the fundamental curricula from classes 6 to 12. Will Poole, the managing partner at Unitus Ventures said, ‘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 and supporting them to scale newer heights.’
Due to the outbreak of the COVID-19 pandemic, all the schools and educational institutions have preferred offering digital education. This drive of most of the educational institutions had led to an advantageous interest amongst the ultimo investors in the edtech players of the country. Get to know the latest tech news, educational updates, and more on this website.