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GACM Technologies to acquire 30% stake in AI edtech firm WeXL
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GACM Technologies has entered into a definitive agreement to acquire a 30 per cent equity stake in AI-edtech data company WEXL Edu Pvt Ltd (WeXL), an exchange filing stated on Wednesday.
“The projected valuation of the deal is estimated to be Rs 500 crore,” GACM Technologies said in the filing.
The Telangana-based financial technology company said it aims to leverage WeXL’s existing dataset and platform to strategically transition into building an advanced AI agent framework.
The deal will help GACM Technologies diversify into the fast-expanding…
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