Irish OLIVE Group acquires Kerala’s Ofabee
February 25, 2021
Action in state’s ed-tech space continues
OLIVE Group, an e-learning company based in Ireland, has acquired Ofabee, a home-grown business-to-business and a Software-As-A-Service (B2B, SaaS) platform for an undisclosed amount. Ofabee helps coaching and training institutes launch of their own coaching apps.
Post-acquisition, the Ofabee online platform, originally a product of Enfin Technologies incubated under the Kerala Startup Mission (KSUM), will be merged with OLIVE Group’s Mykademy.com, which would facilitate the eventual migration of its customers to the new platform.
The entire Ofabee team will now join Mykademy and will be based out of Thiruvananthapuram, a spokesman said. Ofabee has raised seed funds from the Startup Mission and the Center for Innovation, Incubation and Entrepreneurship. It has also signed up with some of the leading educational institutions and a number of tutors across India.