GACM Technologies to acquire 30% stake in AI edtech firm WeXL

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GACM Technologies has entered into a definitive agreement to acquire a 30 per cent equity stake in AI-edtech data company WEXL Edu Pvt Ltd (WeXL), an exchange filing stated on Wednesday.

“The projected valuation of the deal is estimated to be Rs 500 crore,” GACM Technologies said in the filing.

The Telangana-based financial technology company said it aims to leverage WeXL’s existing dataset and platform to strategically transition into building an advanced AI agent framework.

The deal will help GACM Technologies diversify into the fast-expanding…



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GACM Technologies to acquire 30% stake in AI edtech firm WeXL


GACM Technologies has entered into a definitive agreement to acquire a 30 per cent equity stake in AI-edtech data company WEXL Edu Pvt Ltd (WeXL), an exchange filing stated on Wednesday.

“The projected valuation of the deal is estimated to be Rs 500 crore,” GACM Technologies said in the filing.

The Telangana-based financial technology company said it aims to leverage WeXL’s existing dataset and platform to strategically transition into building an advanced AI agent framework.

The deal will help GACM Technologies diversify into the fast-expanding…



Source link

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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