Acquisitions

Kyt Academy rebrands as DIY after acquiring San Francisco based Startup

Kyt Academy on Tuesday announced that it will be rebranding itself to ‘DIY’ after acquiring San Francisco-based edtech startup DIY.Org. It is sort of a pivot for one year old edtech startup, propelling it to social networking space. In its official blog post, Kyt has said that it will be henceforth known as DIY. DIY.Org was co-founded by Zach Klein, who is best known for co-founding and designing the video streaming platform Viemo.

Kyt Academy’s Co-founder Bhavik Rathod took to Twitter to make an official announcement about this news.

 

DIY essentially operates online community of kids where kids get to share their skill oriented projects with their peer group. The rebranding and latest acquisition will allow the Sequoia based startup to scale its business and especially enhance its international presence. In its officially blog post, Kyt said that DIY currently operates in more than 80 countries and more than 7,00,000 families have registered on its platform.

The company further added that In order to scale its business operation that it will be growing their team in the coming months – hiring across key roles such as product, engineering, human resources and marketing. It will also be partnering with curriculum and content creators around the world.

Additionally, the company stated that existing students and teachers on Kyt will continue their live hobby classes while the entire user base will be steadily moved to DIY platform.

Kyt Academy was started in 2020 by former Uber Executive Bhavik Rathod to offer online extra-circular and hobby courses for kids ranging 5-15. Earlier this year it raised $5Mn in Series A round led by Alpha wave incubation, this was preceded by a seed funding round worth $2,5 Mn.

Kunal Bahl led Titan Capital and other high-profile names like Cred’s kunal Shah and Pine Labs’ Amrish Rau also own stakes in the company.

 

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