Kedara Capital Invests In Education And Technology Services Provider K12 Techno Services
Kedaara Capital has announced an investment in K-12 education and technology services provider Techno Services Private Limited. The investment will also facilitate a partial exit of Peak XV Partners (formerly Sequoia Capital India), the company said in a press release.
While the current investment figures have not been disclosed, sources earlier added that private equity investor Kedara Capital is likely to invest around Rs 1,000 crore in K-12 Techno Services.
K12 Techno Services is a technology and educational services company that provides a wide range of education, content and technology solutions to more than 900 educational institutions across the country.
"We are pleased to welcome Kedaara as a valuable partner for the next phase of our growth as it symbolizes a convergence of values and aspirations and will help us continue to fulfill our mission of making a difference in K -To make Space 12. India " ," said Jai Decosta, General Manager of K-12 Techno Services
The company's brands, content and technology platforms currently serve more than 300,000 K-12 students across India. Over the past five years, K12 Techno has achieved a compound annual growth rate (CAGR) of around 40 percent.
According to K12 Techno Services, this partnership will strengthen the company's technology offering aimed at providing comprehensive world-class education services to students and schools in India.
“K12 Techno has done an incredible job helping schools bridge this gap through technology and process focus. We are happy to partner with Jai and the K12 Techno team to accelerate their growth and pursue their goal of providing world-class holistic education services across India at affordable prices,” said Sunish Sharma, Founder and Managing Partner, and Anant Gupta, director, said. Kedaara capital.
Why is Navneet Education the center of attention?
What does K-12 Techno Services do?
The company provides elementary education to students in grades K-12.
Established in 2010, K12 Techno Services Private Limited is at the forefront of education innovation in India, providing dynamic academic support, services and solutions to educational institutions.
First published: September 14, 2023 1:49 p.m STI
