Schoolnet Acquires GeniusTeacher: Expanding EdTech Reach in Private Schools

• 09 Jul 2024

Schoolnet Acquires GeniusTeacher: Expanding EdTech Reach in Private Schools

 

Schoolnet, a prominent player in the K-12 government school edtech sector, has completed an all-stock acquisition of GeniusTeacher, an AI edtech company specializing in private schools, in a transaction valued at several million dollars. This move underscores Schoolnet's commitment to leveraging advanced technology to improve educational outcomes.

 

RCM Reddy, Managing Director and CEO of Schoolnet India, emphasized the strategic alignment between the two firms. "GeniusTeacher brings not only cutting-edge technology solutions but also a shared vision of impactful, outcome-driven education. Rather than reinventing the wheel with our own AI initiatives, we found GeniusTeacher's offerings to be exceptional."

 

GeniusTeacher currently serves approximately 2.5 million active students, with about 10% enrolled in paid programs across 800 private schools. Advitiya Sharma, Founder and CEO of GeniusTeacher, expressed optimism about the acquisition's potential. "Partnering with Schoolnet's extensive reach and resources, alongside our robust product portfolio, positions us to expand into 10,000 private schools within the next few years."

 

Schoolnet is a leading entity in the K-12 government school edtech sector, renowned for its innovative solutions aimed at enhancing educational outcomes through advanced technology. With a strong presence in the market, Schoolnet focuses on leveraging next-generation tools to support teaching and learning in public schools.

 

GeniusTeacher, on the other hand, specializes in AI-driven educational technology tailored for private schools.

The acquisition marks a significant step for Schoolnet in broadening its technological footprint and enhancing its ability to cater to diverse educational needs across the private school segment.