Eupheus Learning, Business-to-business (B2B) EdTech firm, operated by Proficiency Learning Solutions, has acquired software-as-a-service (SaaS)-based platform SchoolMitra, for an undisclosed amount.
This acquisition will make SchoolMitra’s 21st century school OS accessible to 20,000+ schools of Eupheus Learning, simplifying the lives of all the stakeholders, including parents, teachers, students and the school administration.
Started in 2013 by Abhishek Kumar, Vivek Kumar and Gurpreet Singh Narula, SchoolMitra is a cloud-based product that helps a school integrate its management system. It’s services provide teachers to take a live class with embedded content, while administrative works such as attendance, report cards get automated. The SchoolMitra team provides training to school authorities to use the product. It also offers extensive online and offline support to ensure a smooth running of the software.
The company also claims to help its users pay fees online and track their child’s safe school entry and exit.
Speaking about the acquisition, Co-Founder and Director of Eupheus Learning, Amit Kapoor, said,
“We initially partnered with SchoolMitra with a shared vision to enable as many schools as possible with 21st century OS. During our collaboration, we have received an overwhelming response from over 500 schools, which made us cement our relationship with this acquisition.’
Kapoor further, added:
“With the combined entity of Eupheus Learning and SchoolMitra, we are taking another step towards integrating the (classic) model of education with the technology of the 21st century, enabling the students, teachers, and the school principals to benefit alike. Furthering to our mission, the acquisition will be instrumental in transforming schools into 21st Century Schools.”
Eupheus Learning, co-founded by Sarvesh Shrivastava, Ved Prakash Khatri, and Amit Kapoor, is a school-focused distribution platform aimed at curriculum approach. The courses are offered for subjects like English, mathematics, EVS etc. With its large catalogue of curricular and supplemental offerings, the company works with more than 5,500 schools in India and the Middle East.
Co-founder and CEO of SchoolMitra, Abhishek Kumar, said,
“We are excited to take our relationship with Eupheus Learning a step ahead and to permanently join India’s largest schools distribution platform in the K-12 space. Since our inception, we have been working to revolutionize the Indian education system by introducing modern technologies into this segment. With Eupheus Learning’s strength and reach, we can help a wide range of schools in different parts of the country ease their workload with our single sign-on comprehensive platform with CMS, LMS and ERP. Together we will create a new class of education platform that sets the bar for the entire industry.”
Last year in September, Eupheus Learning had acquired student personalisation startup ClassKlap in an all-stock deal at a valuation of $19 million (approximately INR 140 crore).
In 2021, the company had raised $4.1 million in Series B funding led by Kuwait-based United Education Company and Al Rayan Holding Company for domestic and international expansion. It also raised $10 million (Rs 73.7 crore) in Series C funding from private equity firm Lightrock India in the same year.