Educational Initiatives Ei the Bengaluru-based edtech company, has acquired Open Door Education, a learning platform known for its thinking-focused approach, for an undisclosed amount. The strategic move will bring Open Door Education’s technology tools and school network into the Ei fold as the latter aims to enhance learning outcomes for K-12 students across India and abroad.
Founded in 2001, Ei has built acclaimed assessment and adaptive learning products, including Ei ASSET, Ei Mindspark, and Ei CARES, and currently works with 1000 schools in India as well as in international markets such as the UAE, South Africa, Qatar, and Kuwait. The acquisition deepens Eis business to business footprint and supports its mission to deliver effective learning by using better questions and actionable insights. In FY2025, Ei posted revenues of Rs 150 crore, up from Rs 42 crore in FY2021, marking a 30 percent CAGR with one-fifth of revenues coming from the UAE market, according to chief executive Pranav Kothari.
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Open Door Education was established in 2013 by IIT Madras alumni Abhishek Kariwal and Aneesh Bangia and has built a niche in science and math assessments with a presence in 150 schools and a team of 40 employees. The company’s programs are designed to drive critical thinking and deeper understanding among school students. These network schools and employees will now become a part of Ei, expanding Ei’s overall reach and talent pool.
Ei plans to integrate Open Door Education’s proprietary tools and platform with its own suite of products, furthering its objective to equip schools with robust solutions for measuring and cultivating student learning. The move is seen as a step towards consolidating the B2B edtech segment, especially as companies seek innovative ways to blend assessment teaching, and adaptive platforms for better student outcomes. The acquisition comes amid an uptick in edtech sector deals, with several firms turning to M A for strategic growth and differentiation.
