Times Internet-backed edtech startup GetMyUni Education Services, which runs an eponymous online platform that connects students with universities, has acquired a London-based online International English Language Testing System (IELTS) preparation platform in an all-cash deal.
The deal with IELTS Material was completed mid-April, the Bengaluru-based company said in a statement on Friday, without disclosing further information on the transactional value.
“Study abroad was always the natural next step and hence, on the cards… With this acquisition, we are formally entering into the $10 billion study abroad market, since the IELTS exam is at the top of the funnel of majority of the study abroad aspirants not just in India, but globally,” Upneet Grover, founder and CEO, GetMyUni, said.
Founded in 2014, IELTS Material provides free study material for preparation of IELTS, which is an international standardised test of English language proficiency for non-native English language speakers and an admission requirement for studies in some countries where English is the main language.
Founded in 2015, GetMyUni also owns and operates TheCollegeMonk, a Newark, Delaware-based university financing exploration platform. It claims to serve over 50 million students yearly. It works with over 200 universities in India and abroad, driving over 10,000 enrollments to the universities.
The platform offers student services such as access to college information, data points, student ratings, reviews, forums and a student connect platform. To the universities, it offers student enrollments, marketing and communications solutions.
Other players in the crowded edtech sub-sector of university admissions platforms, in India, include CollegeBol, CollegeSearch, Univariety, CollegeDekho, Collegedunia and Shiksha.
In a similar development, Mansour Group-backed CollegeDekho acquired Scholarship Facilitation Services, a New Delhi-based education consulting services company, in July last year, to boost global university admissions services.