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Dec, 03 2016

​Next Education acquires Xolvr for an undisclosed amount

Post acquisition, Xolvr team is learnt that it is going to move to Hyderabad and its platform will be integrated to Next Education's self-learning product LearnNext.

Next Education, Hyderabad-based learning solution provider for K-12 students, has acquired Xolvr, edtech startup for an undisclosed amount.

Post acquisition, Xolvr team is learnt that it is going to move to Hyderabad and its platform will be integrated to Next Education's self-learning product LearnNext.

Launched in February 2016, Gurugram-based Xolvr was founded by Aamir Mojeeb and Mohammed Aqib. It is an online one-to-one learning platform that connects students from grades six to 12 with undergraduate IIT students.

Founded in 2007, Next Education claims to have catered more than 10 Mn students studying in their 10,000+ partner schools. Next Education covers seven Indian languages and the syllabuses of CBSE, ICSE, Army and all state boards.

With this deal, LearnNext will get access to over 50 tutors and is expected to be launched in July next year.

Beas Dev Ralhan, Co-founder, Next Education, said, "This deal is based on the potential the two founders bring with them."

"The plan is that they will build the platform and we will help them scale and grow. If they deliver in the next four years, they will make a million dollars each."

One can thus get help in subjects such as mathematics, physics, computer science, among others, through video conferencing and using a shared whiteboard.

Next Education previously acquired the robotics lab programme RoboLAB from ThinkLABS and InOpen Technologies, which gives the company access to their computer science product.

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