Ace Software Exports Limited has completed acquisition of 2,58,000 equity shares, representing 49.62% of the fully diluted equity share capital of QeLearn Private Limited (Formerly Theia ....
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Ace Software Exports Limited has completed acquiring the remaining 49.62% stake in QeLearn Private Limited (formerly Theia Education Private Limited) for ₹8,90,10,000 (approximately ₹8.9 crore). With this transaction, QeLearn has become a wholly-owned subsidiary of the company. QeLearn is an AI-driven EdTech company incorporated in 2023, headquartered in Ahmedabad, with FY2025 revenue of ₹100.66 lakhs and FY2024 revenue of ₹197.88 lakhs. The acquisition was financed through proceeds from a Rights Issue and enables Ace Software to diversify into the fast-growing EdTech sector, leveraging AI-powered learning solutions.
This acquisition gives Ace Software Exports entry into the EdTech industry with an AI-focused education platform, providing new revenue streams and strategic growth opportunities. The company now has full control over its subsidiary, which could positively influence investor sentiment.