Miami-based online learning company Open English has made its first foray into India by acquiring Bangalore-based mobile language learning app Enguru for an undisclosed sum in a stock exchange.
Enguru is backed by investors such as Potencia Ventures, Bisk Ventures, LetsVenture, Ronnie Screwvala, Arihant Patni and Dell Foundation. A report by Open English says that English is becoming one of the most common languages used in the workplace in India. In addition, the growing number of Internet users creates new opportunities in the electronic technology market, which is predicted to reach $10.4 billion by 2025. The combination of increasing internet penetration and high demand for learning the English language created a favorable environment for the creation of an open English page.
Open English offers individual learning solutions for business (Open English for Business), children (Open English Junior) and digital skills development (NextU). Founded by Arshan Vakiel in 2015, Enduru is the number one mobile English learning platform with over 16 million downloads and an average of 10 hours of use per paying student. The platform aims to help young people improve their fluency and confidence through live classes and gamified learning sessions. Andres Moreno, Founder, President and CEO, Open English, said, “We believe Enguru’s mobile-first learning platform offers the best solution for Indian consumers through interactive live classes, self-paced lessons and gamified learning.
Both Open English and Enguru target consumers who are hungry for high-quality, cost-effective solutions that can be accessed from anywhere. We strongly believe that Open English’s expertise in scaling the Live English platform will help it capture a significant share of the English language learning market in India,” said Arshan Vakil, CEO and Founder, Engoro.
In August last year, VCCircle reported that Enguru had raised an undisclosed amount to expand its live class offerings and launch classes targeting children in the 6-16 age group.