New Delhi, May 9 (IANS) Venture capital firm Venturi Partners on Thursday announced a purchase of a $27 million stake in the education service provider K12 Techno Services from Navneet Learning LLP, a subsidiary of Navneet Education Limited.
Investing out of its $180 million maiden fund, Venturi will join existing shareholders, which include Peak XV Partners, Kedaara Capital, Sofina Ventures, and Navneet Learning LLP, to support the management team led by Jai Decosta, CEO of K12 Techno.
“Venturi’s values are well aligned with K12 Techno’s mission to leverage technology to provide world-class holistic learning and improved outcomes at scale,” Nicholas Cator, Founding Partner at Venturi, said in a statement.
K12 Techno will join Venturi Partners’ portfolio of consumer-focused investments in India and Southeast Asia which includes Livspace, Country Delight, Believe, Pickup Coffee, and DALI.
“This collaboration will propel us closer to our mission of shaping a brighter future through holistic learning experiences,” said Decosta.
“Leveraging technology alongside bespoke learning methodologies crafted for the Indian landscape, we aim to scale our impact and elevate educational outcomes,” he added.
K12 Techno provides full-stack education-related services to more than 800 private educational institutions with over 3,00,000 students enrolled across these educational institutions across the country, under multiple brands.
The company has grown at a revenue CAGR of around 40 per cent over the last five years.
–IANS
shs/dan
Disclaimer
The information contained in this website is for general information purposes only. The information is provided by TodayIndia.news and while we endeavour to keep the information up to date and correct, we make no representations or warranties of any kind, express or implied, about the completeness, accuracy, reliability, suitability or availability with respect to the website or the information, products, services, or related graphics contained on the website for any purpose. Any reliance you place on such information is therefore strictly at your own risk.
In no event will we be liable for any loss or damage including without limitation, indirect or consequential loss or damage, or any loss or damage whatsoever arising from loss of data or profits arising out of, or in connection with, the use of this website.
Through this website you are able to link to other websites which are not under the control of TodayIndia.news We have no control over the nature, content and availability of those sites. The inclusion of any links does not necessarily imply a recommendation or endorse the views expressed within them.
Every effort is made to keep the website up and running smoothly. However, TodayIndia.news takes no responsibility for, and will not be liable for, the website being temporarily unavailable due to technical issues beyond our control.
For any legal details or query please visit original source link given with news or click on Go to Source.
Our translation service aims to offer the most accurate translation possible and we rarely experience any issues with news post. However, as the translation is carried out by third part tool there is a possibility for error to cause the occasional inaccuracy. We therefore require you to accept this disclaimer before confirming any translation news with us.
If you are not willing to accept this disclaimer then we recommend reading news post in its original language.
