Veranda Learning Solutions has acquired Edureka, a live-instructor-led online solutions provider for the IT industry, for ₹245 Cr. Veranda, in a statement, said it is planning an outlay of around $100 Mn for acquisitions over the next six months to “seize the opportunities opening up in the EdTech space”.
The acquisition of Edureka is the second buyout by the company since its launch in December 2020. Veranda had acquired Chennai Race Coaching Institute, a coaching institute for Banking, SSC and PSC exams.
“For me personally, getting back into software education is exciting and sets the stage for us to again do our part in meeting the rising demand for high-end skills in the country,” Veranda Learning Solutions Executive Chairman Kalpathi Suresh said.