ConveGenius Acquired Gray Matter India to boost its AI-based Assessment Products

To augment the personalized and adaptive learning platforms, ConveGenius has acquired Gray Matters India (GMI). To strengthen their EdTech for Naya Bharat campaign the step has been taken that aims to empower 100 million students at the bottom of the education funnel. Gray Matters India’s annual revenue rate (ARR) is about $1 million.

The acquisition will help ConveGenius integrate GMI’s measurement science with its automated learning capabilities. Through a tailored set of instructions, it will also help under-served students to diagnose their remediation requirement for missing skills and knowledge.

The digital learning fingerprint of every learner contains encoded information associated with their cognitive skill sets while collecting children’s teaching and learning transactions. This helps ConveGenius understand the growth of a learner. GMI will help ConveGenius enhance students’ learning levels with transparent communication infrastructure.

In a statement, Prachi Jain Windlass of Michael and Susan Dell Foundation, said, “ConveGenius has grown significantly in reach and impact and is playing an important role in bringing the power of ed-tech to government and budget private schools. GMI has set the standard for large-scale student assessments in India and has paved the way for instruments like Development Impact Bonds in education.”

Rajat Dhawan, senior partner at McKinsey & Company in a statement said, “Bringing education to the bottom 100 million children in India at an affordable price point, done in a viable manner, is a tough problem to crack. Covid has brought wind in the sails for edtech players such as ConveGenius.” He has been an angel investor in ConveGenius in his personal capacity.

Pradeep Sharma, Founder, Gray Matters India, in a statement said, “When we started Gray Matters India, we envisioned assessment as a tool that would help students realize their full learning potential. This partnership will further this vision.”

In a statement, Jairaj Bhattacharya, Cofounder, ConveGenius, said, “GMI’s products will be integrated to improve our tech-stack for Naya Bharat. The affordable private schools, budget schools, and government schools will need to adapt with shifts in the space and we are working towards creating a product stack to organize this segment.”