A startup focused on education for students, Embibe, is set to receive an investment worth $180 million from Reliance Industries.

The startup, which is run by Indiavidual Learning, provides students with an artificial intelligence-based learning platform which provides results and learning on an individualized basis, based on the student’s capabilities.

The startup has future plans to expand services on a global scale across a variety of skill levels, education levels, and languages.

“The investment in Embibe underlines RIL’s commitment to growing the education sector in India and the world and making education accessible to the widest possible group of students by deploying technology,” Akash Ambani, Director of Reliance Jio, said, as reported by Deal Street Asia.

Reliance Industries, with CEO Mukesh Ambani will be a majority stakeholder once the deal goes through, with a 73 percent stake, approximately. Funds from the investment will be put toward further research and development, growth and expansion plans.

Founded in 2012 by founder and CEO Aditi Avasthi, Embibe has assisted 15 million students, according to the Mumbai-based startup.

“Reliance aims to connect over 1.9 million schools and 58,000 universities across India with technology,” Ambani said.

The deal will take approximately two months to process and the education technology startup can expect to receive the investment over three years.

“Reliance Industries has entered into agreements on April 12, 2018, to acquire 34,33,767 equity shares of Indiavidual Learning Private Ltd for cash consideration, translating to 72.69 percent shareholding of Embibe on a fully diluted basis,” Reliance Industries said in the deal filings.

The startup’s platform contains 300,000 questions and works with 60 schools and universities. Investors in Embibe include Lightbox Venture and Kalaari Capital.

(Picture courtesy: Embibe)