EdTech unicorn Byju’s has acquired 3D virtual laboratory startup LabInApp. The deal size is pegged at $500,000, according to people familiar with the matter.
Founded in 2008 by Divya Gokulnath and Byju Raveendran, BYJU’S recently raised $500 Mn in a funding round led by US-based private equity investor Silver Lake.
LabInApp was founded in 2015 by Pavan Shinde, Girish Shirigannavar, Pramod Ramdurg, and Vinayak Hulabutti. LabInApp is a Hubli-based startup which provides license-based programmes that include experiments in general science, physics, chemistry, and biology for class 9 to class 12 using 3D simulation. The company claims to has more than 5,000 schools on-board across India and over 550 simulations, with more in various stages of development.
The Hubli-based startup enables K-12 students and teachers to perform curriculum-based science experiments in a real-time 3D computer graphics environment on desktops and mobile devices.
Pavan Shinde, Co-founder & CEO, LabInApp said, “Technology has become the core to most human essentials, with EdTech topping the chart; especially in the pandemic world. While schools have their set of challenges, students shouldn’t miss out on experiential learning. Keeping this in mind, we have created a virtual learning & teaching environment representing science laboratories where teachers can teach practical concepts to students”
Will Poole, Managing Partner, Unitus Ventures, which is one of early investors in LabInApp talking about the acquisition 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 startups applying advanced technology to meet the needs of India’s lower-income populations and supporting them to scale newer heights.”