For holistic development of children, Singapore-based education company XSEED Education announced that it is acquiring India’s edtech startup Report Bee for an undisclosed amount.
XSEED provides academic programmes for schools, through an integrated curriculum, teacher training, and assessment tools.
The edtech startup Report Bee provides a cloud-based software solution that allows schools to assess, report and analyse the performance of individual students, classes and teachers.
On the acquisition of Report Bee, XSEED in a statement, said, “By integrating Report Bee’s assessment platform and suite of products, XSEED seeks to make it easier for schools to make real-time assessments, provide personalized student feedback, and analyze data to diagnose teaching gaps.”
According to the terms of the deal, Report Bee founder Ananthraman Mani and co-founders Bala Ganesh S. and Anjan T. will join the XSEED technology product team.
Ashish Rajpal, XSEED founder and CEO, said, “This is an important step towards becoming a complete education technology company. Report Bee brings on board capabilities in analytics, reporting, personalized assessment, and product design that compliment the XSEED Method, products, and philosophy.”
Headquartered in Singapore with development centers in Delhi and Bengaluru, XSEED claims to reach a million children in eight countries, and has a team of more than 350 members.
XSEED has raised two rounds of growth capital from Lighthouse Funds and Belgium-based Verlinvest.