SUMMARY
- Arihant Academy announced that it has acquired a 51% stake in ZEAL Academy.
- The exact cost of the acquisition wasn’t revealed but ZEAL Academy was valued at Rs 17 crore.
- This acquisition will also increase Arihant Academy’s presence in Navi Mumbai.
On Thursday, Mumbai-based edtech Arihant Academy announced that it has acquired a 51% stake in Zen Educational and Learning (ZEAL Academy) at a valuation of Rs 17 crore.
This acquisition is set to broaden Arihant Academy’s academic offerings in the Mumbai Metropolitan Area and attract a larger student body with superior teaching methods, as mentioned in a statement.
The NSE SME-listed company did not disclose the exact cost of the acquisition but mentioned that ZEAL Academy was valued at Rs 17 crore. “This acquisition will also increase Arihant Academy’s presence in Navi Mumbai,” the statement said.
“By merging ZEAL Academy’s local expertise with our teaching methods, we aim to create a more comprehensive learning experience and a stronger educational framework for students across the metropolitan region. We believe this move will not only enhance our offerings but also broaden our impact on the educational landscape,” said Anil Kapasi, the Managing Director of Arihant Academy.
Kunal Pathak, a Partner at ZEAL Academy, also mentioned that this investment will strengthen its portfolio and enable it to offer more services. Zeal Academy is known for its coaching in IIT, JEE (Main & Advanced), and NEET.
Arihant Academy, which offers coaching for SSC, ICSE, CBSE, Science & Commerce, has recently acquired a majority stake in Zen Educational and Learning (ZEAL Academy).
