Sri Chaitanya enters edtech segment

Hyderabad: Educational services firm Sri Chaitanya group on Thursday announced its foray into the education technology space with Infinity Learn, earmarking $50 million (about Rs 370 crore) investment for the new venture.

Sri Chaitanya Educational Institutions founder and Chairman B S Rao said the institute has been mentoring students since last 35 years and given the present situation of Covid-19 pandemic, it is the right time to venture into the edtech space.

"We are entering the edtech segment with decades of experience of delivering knowledge which is not just limited to textbooks. Entire USD 50 million investment that we are making in Infinity Learn is from our internal funds. We have aggressive plans and aim to be a top player in the segment," Rao said.

Infinity Learn offers students free mock tests so that they can assess themselves and then work further to enhance their knowledge. "We have hired 100 people for Infinity Learn which includes industry professionals and technical people for building content. We are also partnering with external agencies where we feel we can acquire content without compromising on quality. Though we have come little late into the edtech space, we are coming with experience of content that can be of help for students. We will be looking for acquisitions to build up our capacities," Sri Chaitanya co-founder Sushma Boppana said.

She further said Infinity Learn should be able to catch up with established players in the edtech segment in 6-12 months. "We will keep adding new features every month. In six months, we will be ready for CBSE students to prepare for board examinations," Boppana said.