Serial entrepreneurs K Ganesh and Meena Ganesh have returned to the digital education business by acquiring Avagmah, an online education services venture, for an undisclosed amount.
Serial entrepreneurs K Ganesh and Meena Ganesh have returned to the digital education business by acquiring Avagmah, an online education services venture, for an undisclosed amount.
“Online education is a red hot opportunity. The potential is illustrated by companies like 2U (filed for a $100 million IPO in February 2014) and EmbanetCompass (sold to Pearson for $650 million). The model has been proven in the US, but has not been attempted in this region. I am confident that the US’ success in online higher education can be replicated in Asia as well,” said K Ganesh.
Avagmah was founded by Karthik KS (CEO), who had previously co-founded 24x7 Learning, an e-learning consulting, technology and implementation company. In the past, he had worked at companies, including PCL, HCL, HP and Microland. Karthik holds a Mechanical Engineering degree from National Institute of Technology (Karnataka) and a PG Diploma in Business Management from Bharti Vidya Bhavan (New Delhi).
Avagmah is an education venture offering industry relevant online continuing education programmes (certificate, UG and PG courses) for working professionals. Avagmah’s other academic partners include Subhash Ghai’s Whistling Woods International (Media & Entertainment), Apollo Hospitals – MedVarsity (Healthcare), IMT-Ghaziabad and Bharathidasan University.
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