Schoolnet India acqui-hires Hyderabad-based startup NextSteps AI.1 year ago Rituka M
Hyderabad-based AI startup NextSteps AI has been acqui-hired by Noida-based education technology (edtech) company Schoolnet India. In this acquisition, Schoolnet will acquire 15 employees from NextSteps AI.
Acquiring Talent Through An Acqui-Hire Deal
Leading Edtech startup Schoolnet India has acqui-hired AI Startup NextSteps AI Ltd on 11th February 2022. Acqui-hiring means an acquisition made that aims at acquiring the talent in the target company. As a part of this acquisition, Schoolnet will get 15 employees with niche skills. Schoolnet has about 300 employees and has not raised any funds yet.
Gowtham Kumar R, co-founder, NextSteps said, “We’re very happy to join Schoolnet’s team. The opportunity to become part of Schoolnet India will enable us to be integrally part of the revolutionary phase that our nation is witnessing now in the education technology space. At NextSteps AI, we believe in being a cohesive bunch of product innovators. The Hyderabad-based AI startup has been dedicated to building AI-based solutions that are intuitively personalized for the Indian education community,”
In addition, RCM Reddy, CEO & MD, Schoolnet said, “With this transition, we would be able to work as ‘one team’. Developing a cutting edge and differentiated product of Geneo will help in realizing our dream of building a sustainable digital business, integrating profit with purpose.”
NextSteps, since its launch in 2016 has been working with Schoolnet. Their joint skill exchange platform has evolved into Temasek-backed joint venture Good Workers in 2020.
Schoolnet India Limited –
Schoolnet India Limited is a Noida-based company that provides digital and digitally-led education services to schools and students.
The startup’s agenda focuses on the 3Es (Education – Employability – Employment). Their key offerings include Edtech solutions to K-12 schools and students, Technical & Vocational Education & Training (TVET) services for enhancing employability, and Development advisory services to governments.
Having impacted over 15 million students, teachers & youth, the startup has reached over 30 States in India and 17 countries globally. Schoolnet’s Geneo platform offers students multi-sensory learning content based on a digitized version of the school textbooks. Additionally, the platform conducts continuous assessments to chart the student’s learning trajectory. Currently, content is available in Hindi and English for Class VI-X students of the CBSE board and in Bengali for West Bengal Board students.
NextSteps AI –
Hyderabad-based startup NextSteps AI aims to empower the education system using Artificial Intelligence. NextSteps is a deep-tech (AI/ML) startup incubated at Hyderabad’s T-hub startup hub. Founded by Gowtham Kumar and Srinivas Adepu, mentored by Shailesh Kumar in 2017, NextSteps aims to revolutionize the current teaching-learning process.
With a sudden shift to the digital sphere in the education system, adjusting to the change is extremely pertinent. And NextSteps AI aims to bridge this gap by enabling teachers with advanced AI-powered technology to conduct classes.