Edtech unicorn LEAD announced an agreement with Pearson, the London-based learning firm, to acquire the latter’s local K-12 learning business in India.
Pearson India’s K-12 learning portfolio includes blended learning solutions and teacher resources for private, English medium CBSE and ICSE schools. The acquisition is being paid for with a combination of new funds and internal accruals. The current transaction’s additional terms were not disclosed. LEAD said that with this acquisition, it will immediately expand its reach to over 9,000 schools and will further enhance its product portfolio to cater to the entire spectrum of over five lakh private schools in India.
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Edtech unicorn LEAD announced an agreement with Pearson, the London-based learning firm, to acquire the latter’s local K-12 learning business in India.
Pearson India’s K-12 learning portfolio includes blended learning solutions and teacher resources for private, English medium CBSE and ICSE schools. The acquisition is being paid for with a combination of new funds and internal accruals. The current transaction’s additional terms were not disclosed. LEAD said that with this acquisition, it will immediately expand its reach to over 9,000 schools and will further enhance its product portfolio to cater to the entire spectrum of over five lakh private schools in India.
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.
