Singapore-based XSEED Education on Tuesday announced an agreement to acquire Report Bee, an Indian education technology startup focused on assessment analytics and reporting in K12 schools, for an undisclosed amount.
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 acquisition is in line with XSEED’s strategy to augment the scale and impact of its school learning programme. By integrating Report Bee’s assessment platform and suite of products, XSEED said it is looking to make it easier for schools to make real-time assessments, provide personalised student feedback, and analyse data to diagnose teaching gaps. Report Bee has been used by close to 1,000 schools.
Founded in 2010, Chennai-based Report Bee is a cloud-based software solution that allows schools to intelligently assess, report and analyse the performance of individual students, classes and teachers. The company has also secured a round of investment from IEIF (India Education Innovation Fund), wholly backed by Michael and Susan Dell Foundation.
Commenting on the acquisition, Ashish Rajpal, founder and CEO of XSEED said,
“This is an important step towards becoming a complete education technology company. Report Bee brings on board capabilities in analytics, reporting, personalised assessment, and product design that complement the XSEED Method, products, and philosophy. We are excited to welcome on board the talented and enthusiastic Report Bee team.”
He added, “While there is a lot of noise around the world about the potential EdTech, there are very few stories about the actual improvement of learning inside the classroom. XSEED is one of them.”
Speaking about what attracted Report Bee to XSEED, Ananth Raman Mani, founder of Report Bee commented,
“What made us bet on Report Bee's future with XSEED is the opportunity to make a truthful impact in the school education space. Report Bee's technology and analytics expertise compliment XSEED product and mission. The market is now ripe for many more disruptions and we believe we can move faster together.”
Founded by Harvard alumni Ashish Rajpal, XSEED provides academic programmes for K-8 schools, through an integrated curriculum, teacher training, and assessment tools. Headquartered in Singapore with development centers in Delhi and Bengaluru, XSEED claims to reach a million children in eight countries, and has a team of more than 350 members.