Founded in the year 2011 by Sandesh Vyas and Amit Patel in Indore, National Olympiad Foundation (NOF) is a proud bootstrapped company. Recently, this Indore-based company has acquired a Jaipur-based edtech startup – Edurer for an undisclosed amount. Edurer was founded in the year 2016 by former IITians Anjali Bansiwal, Atul Dubey and Sachin Yadav.
NOF is an assessment company and it conducts Olympiad Exams in schools in various countries around the world. At present, NOF is working in the area of marks improvement and adaptive learning using Artificial Intelligence and Machine Learning as tools.
Edurer was working in the field of AI, ML, AR & gamification before the acquisition. On the occasion, Sandesh Vyas, Co-Founder and CEO of National Olympiad Foundation said, “We are currently working on a learning technology platform in K-12 domain using advanced cognitive architectures, predictive algorithms and smart recommendations. The acquisition of Edurer was a strategic decision made from our side.” He also said that soon they would be filing for patents in the same domain.
Anjali Bansiwal, CEO Edurer, said that she and the entire team of Edurer are quite excited about the acquisition. Their domain knowledge will surely be of great use in developing the AI based learning platform.