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Eruditus enters K12 learning with $200 Mn all-cash acquisition of US-based edtech firm iD Tech

Shortpedia

Content Team
Image Credit: shortpedia

Online executive education firm Eruditus said on May 20 that it has acquired Silicon Valley based edtech startup iD Tech in a cash deal for $200 Mn.This is the most expensive acquisition by an Indian edtech startup outside of Byju’s dealmaking spree. iD Tech was founded in 2000 by Pete Ingram-Cauchi and provides short term courses in coding, game development, robotics and design for kids from ages 13-19 years old.