IT- based HCL Group acquired a majority stake in vernacular edtech platform GUVI. However, it didn’t disclose the acquisition cost.
Students can learn to code in their native language using GUVI's edtech platform, which supports Tamil, Telugu, Kannada, Hindi, Bengali, and Arabic. The startup currently has over 1.8 lakh users, according to its social media page. HCL is looking to address the critical technical skill gap across enterprises with this investment, according to Malhotra. According to an Inc42 report, Indian edtech startups raised $2 Bn in the first half of 2022, a 41% decrease from the funding raised in the second half of 2021.