Anupam and Anshu Dhanuka, an Indian couple, have successfully sold their children’s learning app, Kiddopia, to Nazara Technologies Ltd. for a whopping Rs 300 crore. The couple, who previously held top positions at companies like Morgan Stanley and Dolby, embarked on their entrepreneurial journey in 2012 with the founding of Kiddopia. They recognized the lack of quality educational content for children in the digital age and aimed to bridge this gap with their innovative gamified learning app.
Kiddopia quickly gained popularity, becoming a favorite among children aged 2 to 7. The app’s subscription-based model allowed users to access a variety of interactive learning materials designed to foster cognitive and social development.
Nazara Technologies Ltd., a leading gaming and sports media company in India, first invested in Kiddopia’s parent company, Paper Boat Apps, in 2019, acquiring a 51% stake. This latest acquisition marks a significant move for Nazara, as they now hold 100% ownership of Paper Boat Apps, signifying their commitment to the education technology sector.
The sale of Kiddopia for Rs 300 crore highlights the growing success of Indian startups and the increasing investment in the education technology space. Anupam and Anshu Dhanuka’s entrepreneurial journey serves as an inspiration for others who aspire to create innovative solutions for the digital age. The couple’s innovative venture has not only brought them financial success but has also contributed to the development of high-quality educational resources for children in India.
