You are here: Home » PTI Stories » National » News
Business Standard

MBD Group to invest Rs 50 cr to develop, expand VR portfolio

Press Trust of India  |  New Delhi 

Publishing house MBD Group is lining up Rs 50 crore for the next five years towards development and expansion of its augmented and virtual realty educational content portfolio.

The MBD Group will provide low-cost branded VR devices to learners and plans to enter big-ticket markets of the US, the UK, and as part of global expansion, a company release said.



"Virtual reality (VR) and augmented reality (AR) are the new frontiers of education and present an exciting opportunity for the sector," MBD Group MD Monica Malhotra Kandhari said.

"We will be investing upwards of Rs 50 crore in the next three to five years towards development and expansion of our AR and VR educational contents portfolio."

Kandhari further said: "We will also be looking at the overseas market like the US, the UK, and China, where the market for such products has already been developed."

MBD's 3D virtual reality simulations will be made available for students from Kindergarten to Grade 12.

Additionally, the group plans to deliver VR content for vocational / skill courses in the informal education sector as well.

Apart from the group's own VR device, MBD's VR content will be compatible with all other VR devices like Samsung Gear, Oculus Rift and the like for wider accessibility.

Meanwhile, MBD's augmented reality app 'Nytra', which was launched in 2014, provides content for students from Kindergarten to Grade 12 of the formal education system. It has received 44,759 online downloads and offline, the figure stands at over 1,00,000 till date.

(This story has not been edited by Business Standard staff and is auto-generated from a syndicated feed.)

RECOMMENDED FOR YOU

MBD Group to invest Rs 50 cr to develop, expand VR portfolio

Publishing house MBD Group is lining up Rs 50 crore for the next five years towards development and expansion of its augmented and virtual realty educational content portfolio. The MBD Group will provide low-cost branded VR devices to learners and plans to enter big-ticket markets of the US, the UK, Singapore and China as part of global expansion, a company release said. "Virtual reality (VR) and augmented reality (AR) are the new frontiers of education and present an exciting opportunity for the sector," MBD Group MD Monica Malhotra Kandhari said. "We will be investing upwards of Rs 50 crore in the next three to five years towards development and expansion of our AR and VR educational contents portfolio." Kandhari further said: "We will also be looking at the overseas market like the US, the UK, Singapore and China, where the market for such products has already been developed." MBD's 3D virtual reality simulations will be made available for students from ... Publishing house MBD Group is lining up Rs 50 crore for the next five years towards development and expansion of its augmented and virtual realty educational content portfolio.

The MBD Group will provide low-cost branded VR devices to learners and plans to enter big-ticket markets of the US, the UK, and as part of global expansion, a company release said.

"Virtual reality (VR) and augmented reality (AR) are the new frontiers of education and present an exciting opportunity for the sector," MBD Group MD Monica Malhotra Kandhari said.

"We will be investing upwards of Rs 50 crore in the next three to five years towards development and expansion of our AR and VR educational contents portfolio."

Kandhari further said: "We will also be looking at the overseas market like the US, the UK, and China, where the market for such products has already been developed."

MBD's 3D virtual reality simulations will be made available for students from Kindergarten to Grade 12.

Additionally, the group plans to deliver VR content for vocational / skill courses in the informal education sector as well.

Apart from the group's own VR device, MBD's VR content will be compatible with all other VR devices like Samsung Gear, Oculus Rift and the like for wider accessibility.

Meanwhile, MBD's augmented reality app 'Nytra', which was launched in 2014, provides content for students from Kindergarten to Grade 12 of the formal education system. It has received 44,759 online downloads and offline, the figure stands at over 1,00,000 till date.

(This story has not been edited by Business Standard staff and is auto-generated from a syndicated feed.)

image
Business Standard
177 22

MBD Group to invest Rs 50 cr to develop, expand VR portfolio

Publishing house MBD Group is lining up Rs 50 crore for the next five years towards development and expansion of its augmented and virtual realty educational content portfolio.

The MBD Group will provide low-cost branded VR devices to learners and plans to enter big-ticket markets of the US, the UK, and as part of global expansion, a company release said.

"Virtual reality (VR) and augmented reality (AR) are the new frontiers of education and present an exciting opportunity for the sector," MBD Group MD Monica Malhotra Kandhari said.

"We will be investing upwards of Rs 50 crore in the next three to five years towards development and expansion of our AR and VR educational contents portfolio."

Kandhari further said: "We will also be looking at the overseas market like the US, the UK, and China, where the market for such products has already been developed."

MBD's 3D virtual reality simulations will be made available for students from Kindergarten to Grade 12.

Additionally, the group plans to deliver VR content for vocational / skill courses in the informal education sector as well.

Apart from the group's own VR device, MBD's VR content will be compatible with all other VR devices like Samsung Gear, Oculus Rift and the like for wider accessibility.

Meanwhile, MBD's augmented reality app 'Nytra', which was launched in 2014, provides content for students from Kindergarten to Grade 12 of the formal education system. It has received 44,759 online downloads and offline, the figure stands at over 1,00,000 till date.

(This story has not been edited by Business Standard staff and is auto-generated from a syndicated feed.)

image
Business Standard
177 22

Upgrade To Premium Services

Welcome User

Business Standard is happy to inform you of the launch of "Business Standard Premium Services"

As a premium subscriber you get an across device unfettered access to a range of services which include:

  • Access Exclusive content - articles, features & opinion pieces
  • Weekly Industry/Genre specific newsletters - Choose multiple industries/genres
  • Access to 17 plus years of content archives
  • Set Stock price alerts for your portfolio and watch list and get them delivered to your e-mail box
  • End of day news alerts on 5 companies (via email)
  • NEW: Get seamless access to WSJ.com at a great price. No additional sign-up required.
 

Premium Services

In Partnership with

 

Dear Guest,

 

Welcome to the premium services of Business Standard brought to you courtesy FIS.
Kindly visit the Manage my subscription page to discover the benefits of this programme.

Enjoy Reading!
Team Business Standard