SapnaOnline.com, from the house of Sapna Infoway Pvt. Ltd has recently announced the acquisition of Ishita Technologies Pvt Ltd and its three brands Bookadda.com, Acadzone.com and Koolskool.com.
Besides, Ishita Technologies was valued at USD 13 million in its previous round of funding.Through the acquisition of the 3 brands, SapnaOnline endeavors to provide superior value to its customers, through an enhanced reach & extended online presence.
Commenting on this strategic move, Mr. Nijesh Shah, Founder & CEO Sapna Infoway Pvt. Ltd. said "We are excited to combine Ishita Technologies’ high performance brands & robust technology with our retail & operational expertise. Given the immense potential of the technological and operational expertise of the combined entity, we are confident that SapnaOnline will become India’s largest book, education and learning store online, with enhanced penetration in schools in India. This move also consolidates our position as India’s largest vertical & integrated player in the book and education space online.”
Further, this acquisition facilitates consolidation of Sapna Book House’s end to end comprehensive book and content offerings, which consist of offline distribution, retailing, publishing, printing, stationery, B2B connect, ebooks, self publishing & book e-tailing and helps venture into newer verticals like online education (as a service provider) and direct school supplies.
Besides, it will help tap the increasing digital penetration in the online education space through Acadzone. KoolSkool will enable Sapna Book House’s school supplies business to expand into the online space. It will also increase the product offering to Sapna’s existing clientele of 10,800 schools and institutions.
“The Sapna Group is a respected & strong book retail chain. Bookadda, Acadzone & Koolskool add to its online capability & provide it the platform to grow exponentially into the increasingly digitizing Education supplies space." said Hemant Kohli, co-founder and CEO of Ishita Technologies.
The offering of this acquisition is of immense consequence to the end user. SapnaOnline will now be empowered to offer the biggest stocked inventory of 12.5 million titles to the end user.