Open English acquires Enguru learning app

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Credit: 123RF.com

Miami-based e-learning company Open English has made its first bet in India with the acquisition of Bengaluru-based language-learning mobile app Enguru for an undisclosed amount as part of a an exchange of shares.

Enguru is backed by investors like Potencia Ventures, Bisk Ventures, LetsVenture, Ronnie Screwvala, Arihant Patni and Dell Foundation.

Open English said in a statement that English has become one of the most commonly used languages ​​in the workplace in India. In addition, the increase in the number of internet users will also create an opportunity in the edtech market, which is expected to touch $10.4 billion by 2025. This mixture of growing internet penetration and strong demand for English learning has created an optimal environment for Open English’s acquisition of Enguru, he added.

Open English offers personalized learning solutions for business (Open English for Business), children (Open English Junior) and digital skills development (NextU).

Founded by Arshan Vakil in 2015, Enguru is a leading mobile English learning platform with over 16 million downloads and an average monthly usage of over 10 hours per paid student. The platform strives to help young adults improve their fluency and confidence through live lessons and playful learning activities.

“We are confident that Enguru’s mobile learning platform offers the best solution for Indian consumers with its combination of interactive live lessons, self-paced lessons and fun learning activities,” said said Andrés Moreno, founder, president and CEO of Open English.

“Both Open English and Enguru target a consumer who is hungry for affordable, high-quality solutions accessible wherever they are. We strongly believe that Open English’s expertise in scaling a live English platform will help us capture a significant share of the English learning market in India,” said Arshan Vakil, CEO and Founder of Enguru.

Last August, Enguru raised an undisclosed amount to expand its live class offerings and launch kid-focused classes aimed at 6-16 year olds, VCCircle reported.

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