FitKids acquires hands-on learning platform ThinkLabs

Edtech startup FitKids acquires ThinkLabs, a STEM (Science, Technology, Engineering, and Maths) learning company, for an undisclosed amount.

With this acquisition, FitKids plans to scale its operations from 46 to 100 cities across the country.

FitKids will also launch a first of its kind product for the education vertical based on the exciting technologies of Artificial Intelligence and Natural Language Processing by end of this year.

The acquisition of Think LABS adds about 100 more schools to the existing portfolio of 160 that FitKids has across the country.

The STEM offering of FitKids and ThinkLABS go to the market under the brands DiscoverEd and Eureka respectively. DiscoverEd works on the model of curriculum delivery at schools by its own teachers while Eureka works on the train the teacher model.

“There is a lack of impetus given to STEM education and Hands-on Learning in India and this fundamental gap in the education system is what we are trying to bridge with DiscoverEd. Eureka, will now enable us to cater to Tier II and Tier III markets where the model of DisocverEd is not economically scalable,” said Dev Roy, founder, and mentor, FitKids.

“We are happy and excited with the new development. Eureka will now have access to the high-quality research and product development teams and a fantastic sales channel that will help us scale Eureka to new heights,” said Gagan Goyal, Founder & CEO, Think LABS.

With this, the team from ThinkLABS will continue to operate independently, under the ThinkLABS umbrella that will also now include the DiscoverEd program.