Kedaara Capital has agreed to invest in K12 Techno Services in exchange for a sizeable minority stake in the business.
According to a press release from K12 Techno, the money will be used to support the company’s mission of offering top-notch educational and technological services to the K–12 market.
Also benefiting from this investment will be Peak XV Partners, formerly known as Sequoia Capital India.
K12 Techno is a provider of technology and education services that combines its own brand with a curriculum and technology platform to offer full stack education, content, and technology services to more than 900 educational institutions across the nation.
Over 300,000 students in India’s K–12 system have reportedly used the company’s brand, content, and technology. It further asserted that growth over the previous five years had been 40% CAGR.
Early-stage investment company Venture Catalysts announced last week that it had fully and partially left Cusmat and Koovers. Early-stage investor Titan Capital made a partial exit from Credgenics, a platform for automating legal processes and debt recovery, in August with a return of more than 100 times its investment.
