Vedantu buys Instasolv to strengthen its doubt-solving platform

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Indian interactive online tutoring platform- Vedantu has reportedly acquired Instasolv- a doubt-solving application for an undisclosed sum. Earlier, Instasolv had secured USD 2 million in pre-sales A funding from Vedantu with the right to buy in order to expand its presence into Tier 3 and Tier 5 cities that do not have access to high-quality teachers. In a statement by Vamsi Krishna, Co-Founder and CEO, Vedantu, in 2020, the company made a strategic decision to invest in Instasolv with an aim to strengthen its play in doubt-solving, which has emerged as one of the fastest-growing segments of online learning. It is used by learners in K-12 school syllabus models as well as for test preparations, both of which are provided by Vedantu, he added. For the record, through this transaction, Instasolv’s 1 million subscriber base will shift to Vedantu’s platform. Vedantu apparently holds 25 million monthly active users, 500+ teachers, and nearly 6 million learners for its live classes each month across 40 countries. Instasolv was founded by Nishant Sinha, Aditya Singhal, and Bahul Arora in the year 2019. The company deploys ML and AI solutions to scan the questions and receive an instant solution. The doubt-solving app by Instasolv is similar to Doubtnut which was a target of purchase by Vedantu’s competitors Unacademy and BYJU’S. Other than this, there are other doubt-solving applications in India like Scholr and Kunduz which have been bought by BYJU’S. Vedantu was incorporated in the year 2014 by Anand Prakash, Vamsi Krishna, and Pulkit Jain. It is an interactive online tutoring p0latform that allows the teachers to offer tuitions to the school students through the internet leveraging a real-time virtual learning ecosystem named WAVE. Seemingly, this technology has been developed in-house and WAVE offers over 70+ features like hotspot, live quizzes, and multiple teacher assistant tools, to name a few. Source Credit: https://inc42.com/buzz/vedantu-acquires-doubt-solving-app-instasolv-to-complement-k-12-learning/