Schoolnet, an edtech has acquired Private School focused AI Edtech company Genius Teacher in an all-stock deal for an undisclosed multi-million dollar valuation.
With this acquisition, Schoolnet gets Genius Teachers’ private school market presence and innovative AI-led Teacher and student apps along with growing its reach to 10,000+ Private Schools by FY 27.
“Schoolnet is a hidden treasure of our Edtech industry. With most companies bleeding investor money and still nowhere close to profitability, Schoolnet is an inspiration of a Make In India company and has created a huge impact in the lives of millions of Teachers and Students. We had offers from institutional investors for funding but felt there could be a bigger game to be played by joining forces with Schoolnet. I’m excited to help grow Schoolnet 10 times as Chief Growth Officer.” says Advitiya Sharma, CEO and Founder of Genius Teacher.
“Schoolnet is one of India’s most resilient Edtech companies, not only have we maintained profitability throughout but also shown strong growth. We worked with Genius Teacher for more than 1 year and were impressed by their A+ Team and AI Tech capabilities, confident that they will strongly support us in our next phase of growth,” says RCM Reddy MD, CEO of Schoolnet India.
Genius Teacher had raised USD 3 Mn from some well-known angel investors like Kunal Shah, Abhijit Bose, Lina Ashar, AngelList, and VKG group.
Genius Teacher founded by 3 IIT Bombay graduates, Advitiya Sharma (CEO and Founder), along with co-founders Shashank Pachore and Ruturaj Atre, impacts nearly 2.5 million students currently, encompassing CBSE, ICSE, and 5 state board syllabi.
“The team at Genius Teacher is fantastic and they bring on board top-class Tech entrepreneurs who have been a perfect cultural fit to Schoolnet as well. With the industry going through a rough patch these last few years, we’re confident that with this merger Schoolnet will drive the pace of innovation-led impact for the entire Edtech industry,” says KK Iyer, Board Of Director Schoolnet India.
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