Hyderabad-based edtech firm Infinity Learn has acquired Wizklub for $10 million (or Rs 77.5 crore). With this, Infinity Learn owns a majority stake in the Bengaluru-based cognitive development edtech startup. The acquisition announcement comes two months after it acquired Don't Memorise, a concept-based multilingual content platform, for an undisclosed sum.
Post-acquisition, WizKlub will continue to operate as an independent party for Infinity but will be re-branded as ’Infinity Futurz’.
Infinity Futurz aims to augment its existing portfolio of Infinity Learn offerings to the K12 segment by inducing foundational skills that a student needs to acquire to succeed in the career of their choice. The startup said that learners will get mentored to hone HOTS (Higher Order Thinking Skills) such as Analytical Thinking, Complex Problem Solving, Critical Thinking, Innovation, Active Learning, and the ability to use technology to solve problems.
Speaking on the development, Ujjwal Singh, CEO & President of Infinity Learn by Sri Chaitanya, said, “Infinity Learn strives to fuel learners' success and become a dominating k-12 player through holistic learning and teaching. The journey of a learner begins at an early age. In order to succeed in the future, a student must study a variety of core competencies. These abilities are best acquired during childhood, which Wizklub is addressing in a scientific and predictable manner."
"It is amazing to see young children apply problem-solving skills and create things with AI and IoT. We are confident that with Infinity Futurz, students will be able to lay a solid foundation and apply these talents in their senior years to excel in their chosen field and create a better future.”
Infinity Learn says it has achieved one million-plus registered users and more than 100,000 paying users on the platform in a span of eight months since its commercial launch.
Over the next 24 months, the startup is looking at over one million early years students joining for a multi-year journey with Infinity Futurz.
“We teach our students the right skill, at the right time, in the right medium. Wizklub also works on a similar principle of effectively teaching students with best-in-class digital products, helping students develop core cognitive excellence and work on logical and creative thinking abilities," said Sushma Boppana, Founder-Director, Infinity Learn.
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