XSEED Education Acquires Indian EdTech Startup Report Bee

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In 2015, XSEED had acquired Pleolabs, a Delhi-based startup focussed on management of curricular resources, academic process workflows and collaborative learning interactions in schools.

Singapore-based XSEED Education Pte, a leading K-12 education company, has acquired Report Bee, a Chennai-based education technology startup focused on assessment analytics and reporting in K-12 schools, for an undisclosed valuation.

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Founded by Ashish Rajpal, a Harvard alumni, XSEED reaches a million children in eight countries. It also has development centers in Delhi and Bangalore. 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 a news agency report.

Report Bee has been used by close to 1000 schools. Ananthraman Mani, founder of Report Bee along with co-founders Bala Ganesh S. and Anjan T. will join XSEED as key members of the XSEED technology product team.

This is XSEED’s second acquisition in India. In 2015, it had acquired Pleolabs, a Delhi-based startup focussed on management of curricular resources, academic process workflows and collaborative learning interactions in schools.

Expectations

“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 complement the XSEED method, products, and philosophy,” said Ashish Rajpal, founder and CEO of XSEED.

Ananth Raman Mani, founder of Report Bee, commented, “Report Bee’s technology and analytics expertise compliments XSEED product and mission. The market is now ripe for many more disruptions and we believe we can move faster together.”

Report Bee has been part of the “Deloitte Fast 50” fastest growing EdTech firms in India and Asia. The firm has secured a round of investment from IEIF [India Education Innovation Fund] wholly backed by Michael and Susan Dell Foundation.

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