AEON acquires online education start-up Acadgild

AEON Learning Pvt. Ltd, which owns education technology platform Avagmah, said it has bought Bengaluru-based education start-up Acadgild for $10 million in an all-stock deal. Acadgild focuses on online degrees and skill development programmes in big data, deep learning and UI/UX design web development, among others and had raised initial investment from venture capital firm Jupiter Capital and K. Ganesh of GrowthStory.

“This acquisition of Acadgild will help us target much larger market segments including short-term courses for professionals. Each of the categories we are already catering to, will be beefed up with additional resources coming in from the Acadgild acquisition. Both companies will continue to function as independent brands,” Karthik K.S., founder and chief executive officer of AEON Learning, said

Poovayya & Co advised acted for Jupiter Capital, an early stage investor in Edvista Education Services and was led by led by partner Siddhartha George along with principal associates Sunita Kamath and Priyanka Shreni.