Veranda Learning Solutions, a publicly listed edtech company is acquiring and investing across seven businesses, through its 100% owned subsidiary Veranda Administrative Learning Solutions Private Limited.
The entities that will come under the Veranda Learning Solutions’ umbrella include: Educare Infrastructure, Six Phrase, SmartBridge, Talent Academy & Publications, Phire Learning and BAssure.
The total valuation of these acquisitions is over Rs 400 crore, Veranda said in a press release. It further added that these acquisitions would deliver an EBITDA of Rs 50 crore for FY23-24 and these associations will take the pro forma EBITDA for Veranda Learning to over Rs 100 crores for FY 23-24.
Acquiring Educare Infra would help Veranda expand its access to the K-12 school and college education segment. With its expertise in learning management systems through Veranda Labs and synergies from existing Veranda business, it will ramp up its operations to provide management services for multiple schools.
Veranda has been servicing schools and colleges all along and with this association the list of colleges and schools that Veranda caters to would include Velammal Nexus school, BVM Schools, Chettinad Public School, IIM Raipur, IIM Shillong, Purdue University, USA among others.
