Manipal Education & Medical Group (MEMG) has obtained an edtech startup Jigsaw Academy Education Pvt. Ltd. The e-learning platform offers courses in big data and analytics for working professionals. The acquisition aimed at increasing course offerings for upskilling and reskilling and to help MEMG streamline in its digital marketing expenditure.
The medical conglomerate has, earlier, invested ₹20 crore in Jigsaw Academy before taking control over the Bengaluru-based startup.
“We’ll be now going B2C in a big way,” Subrat Mohanty, group president of MEMG said.
MEMG was founded by Dr. TMA Pai in 1953 in Karnataka. It aims at providing solutions for increasing enrolment, ensuring student retention and enhancing quality of output through new generation technologies.
Whereas, Jigsaw academy was started in 2011 by Gaurav Vohra and Sarita Digumarti. They were brought together by their shared passion for data and their belief in the power of analytics and Big Data to change the way not just industries, but individuals could work. They regard data science as a necessary life-skill, and their constant endeavour to improve how it is taught has been a consistent factor in what continues to distinguish Jigsaw Academy from other training providers. It’s course catalogue includes machine learning, artificial intelligence and internet of things.
Mohanty was further quoted as saying that Jigsaw would help complement MEMG’s product portfolio because it understood the digital business-to-consumer (B2C) segment.
Jigsaw Academy competes with likes of edtech giants BYJU’s, Unacademy and others.