Aptech will focus on remote delivery of educational content, Anil Pant, MD & CEO, told CNBC-TV18.

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The company’s board has approved the launch of online education. Also, the stock has been buzzing in trade, up over 25 percent in just 10 days. In the last 5 days, the stock is up 10.57 percent and is currently trading at Rs 308.55 on the NSE.

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“We started with remote delivery at the time of the pandemic (COVID-19) and then we realized that almost about 60 percent of our students are comfortable handling things completely online. So sometime in March, we embarked on the educational technology (ed-tech) journey,” Pant said.

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He further said that the company has set aside Rs 15 crore for ed-tech platform building.

“We have set aside a war chest of about Rs 15 crore to fund this business and to grow it organically. This is not a very massive segment in terms of USD 3.2 billion ed-tech opportunities. This is a smaller, USD 300-400 million kind of segment. So we are looking at being extremely focused, and our maximum spend is going to be on generating content for this platform,” said Pant.

For the entire management interview, watch the video

(Edited by : Dipika Ghosh)