Ed-Tech social enterprise ConveGenius, has acquired Gray Matters India (GMI) to augment its personalised and adaptive learning platform.
Gray Matters India has an annual revenue rate (ARR) of about $1 million.
The acquisition will help ConveGenius integrate GMI’s measurement science with its automated learning capabilities and help under-served students diagnose their remediation requirement for missing skills and knowledge through a tailored set of instructions.
The step has been taken to further strengthen their ‘EdTech for Naya Bharat’ campaign that aims to empower 100 million students at the bottom of the education funnel.
The digital learning fingerprint of every learner contains encoded information associated with their cognitive skillsets. This helps ConveGenius understand the growth of a learner. GMI will help ConveGenius enhance students’ learning levels with transparent communication infrastructure.
“Bringing education to the bottom 100 million children in India at an affordable price point, done in a viable manner, is a tough social entrepreneurship problem to crack,” Rajat Dhawan, senior partner at McKinsey & Company, who was an angel investor in ConveGenius in his capacity, said.
From last few months, Ed-Tech firms are making their presence felt in the education sector with the closure of schools due to Corona. The future is looking good for ed-tech firms as hybrid learning will be the new norm.