Ed-tech firm iNurture acquires student engagement startup KRACKiN
Ed-tech startup iNurture Education Solutions Pvt. Ltd has acquired student engagement and employability platform KRACKiN Technologies Pvt. Ltd.
Bengaluru-based iNurture didn't disclose financial details of the acquisition.
iNurture had recently raised Rs 28 crore (Rs 4.4 million) in a Series C round from Ventureast, Bertelsmann India Investments and Ascent Capital.
iNurture founder Ashwin Ajila said in a statement that while universities and colleges have well-developed metrics to measure the academic performance of students, they do not have similar metrics to measure employability of their students. “We realised a 360-degree engagement and assessment platform will create a greater impact for students, academic and industry partners,” he said.
Kiran GR, co-founder of KRACKiN, said iNurture’s network of universities and international collaborations will help the platform grow its operations.
KRACKiN is an ed-tech startup founded in 2016 by Kiran and Prashant BR. It was part of the NASSCOM 10,000 startup programme. It uses an artificial intelligence-based algorithm to help students quantify their employability, discover skill gaps and plug them through a personalised learning assistant.
For universities and colleges, the company helps with student placements. Its virtual classrooms help companies engage with large groups of pre-selected students from multiple colleges with industry-relevant e-learning resources, projects and contests.
With KRACKiN, iNurture will be able to provide a multi-channel platform for students, academia and the industry to collaborate with each other to boost the employability of students and establish a framework for firms to assess job readiness.
Established in 2007, iNurture offers industry-related courses in association with universities and colleges across India. It has partnerships with more than 30 academic institutions across the country. The company focuses on verticals such as information technology, marketing leadership and innovation, financial services, business analytics, new media and design.
Last year, iNurture had signed a joint venture agreement with Galileo Global Education to offer additional programmes in design and sports management.
The ed-tech segment has seen several acquisitions over the past couple of years. In one of the most significant deals recently, Reliance Industries agreed to acquire a majority stake in ed-tech company Embibe and invest $180 million (Rs 1,175 crore).