IT- based HCL Group acquired a majority stake in vernacular edtech platform GUVI

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IT- based HCL Group acquired a majority stake in vernacular edtech platform GUVI. However, it didn’t disclose the acquisition cost.

Students can learn to code in their native language using GUVI’s edtech platform, which supports Tamil, Telugu, Kannada, Hindi, Bengali, and Arabic. The startup currently has over 1.8 lakh users, according to its social media page. HCL is looking to address the critical technical skill gap across enterprises with this investment, according to Malhotra. According to an Inc42 report, Indian edtech startups raised $2 Bn in the first half of 2022, a 41% decrease from the funding raised in the second half of 2021.

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IT- based HCL Group acquired a majority stake in vernacular edtech platform GUVI

IT- based HCL Group acquired a majority stake in vernacular edtech platform GUVI. However, it didn’t disclose the acquisition cost.

Students can learn to code in their native language using GUVI’s edtech platform, which supports Tamil, Telugu, Kannada, Hindi, Bengali, and Arabic. The startup currently has over 1.8 lakh users, according to its social media page. HCL is looking to address the critical technical skill gap across enterprises with this investment, according to Malhotra. According to an Inc42 report, Indian edtech startups raised $2 Bn in the first half of 2022, a 41% decrease from the funding raised in the second half of 2021.

Disclaimer

We strive to uphold the highest ethical standards in all of our reporting and coverage. We StartupNews.fyi want to be transparent with our readers about any potential conflicts of interest that may arise in our work. It’s possible that some of the investors we feature may have connections to other businesses, including competitors or companies we write about. However, we want to assure our readers that this will not have any impact on the integrity or impartiality of our reporting. We are committed to delivering accurate, unbiased news and information to our audience, and we will continue to uphold our ethics and principles in all of our work. Thank you for your trust and support.

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