Edureka Acquired By Veranda

Kalpathi AGS Group-owned Veranda Learning Solutions on Thursday announced that it has acquired edtech company Edureka for Rs 245 crore.

Edureka is a live instructor-led online solutions provider for the IT industry and this 100% acquisition marks Veranda Learning Solutions’ second buyout since December 2020. Veranda is planning an outlay of around $100 million for acquisitions over the next six months to capitalise on the edtech space.

“We want to expand the number of students that we train in India,” Kalpathi Suresh, Executive Chairman, Veranda Learning Solutions explained. “Various bodies are projecting that the skill gap is running into millions and clearly this is the challenge that is being seen. IT consulting companies in India have to be able to continue finding resources in India for their own expansion. We plan to be able to increase significantly in terms of the students that we train and again we will take a multi-modal approach. There will be a strong push to hybrid learning.”

Veranda acquired the online business of Chennai Race, a coaching institute for Banking, SSC and PSC exams last year and launched Veranda Race. The company has also launched programs for CA and IAS aspirants this quarter under the brand of Veranda CA and Veranda IAS respectively.

“Veranda is in active discussion with multiple targets for acquisition to create a multi-modal platform that spans test prep, upskilling and supplemental education,” Suresh said. “With the current acquisition we are poised to expand our footprint in Europe and the North American markets as well. 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.”

Founded in 2011 by Lovleen Bhatia and Kapil Tyagi, Edureka is best known for pioneering live online classes based upskilling programs for working professionals. Edureka partners with premier Indian institutes like IITs, NITs and international universities like Purdue to offer training in Cloud Computing, DevOps, AI-ML, Data Science, Web Development, Cybersecurity, and other emerging technologies in addition to its own library of training resources.

Of the total student base, around 44 per cent are international students spread across 85 countries. It currently has more than 1 lakh subscribed learners who are trained by over 500 instructors for around 300 course offerings.

About Buyer

Veranda Learning Solutions is a publicly listed Indian edtech company (part of the Kalpathi AGS Group) building a blended learning platform—online and offline—that delivers prep for competitive exams and professional upskilling programs under brands like Veranda RACE, J.K. Shah Classes, and Edureka itself
www.verandalearning.com

About Seller

Edureka is a live, instructor-led online learning platform focused on tech upskilling for working professionals—known for its high course completion rates, 24×7 support, and relentless commitment to student success
www.edureka.co