Kedaara Capital Invests In EdTech K12 Techno Services
K12 Techno Services Private Limited (“K12 Techno”), a leading education and technology services provider in India, today announced an investment from Kedara Capital for a significant minority stake in the company. With this investment, Kedara aims to support the company's vision of providing high-quality, integrated, technology-enabled educational services to students and schools across India. The investment will provide a partial exit from Peak XV Partners (formerly known as Sequoia Capital India).
K12 Techno is a technology and education services company that provides a full range of education, content and technology services to over 900 educational institutions across the country through a combination of its private brand, curriculum and technology platform. The company's brands, content and technology reach more than 300,000 students in K-12 schools across India. Over the past 5 years, the company's average annual revenue has grown by approximately 40%.
Kedara will work closely with the company's professional management team led by the company's CEO Mr. Joy DeCosta and other existing shareholders namely Peak XV Partners, Navneet Education Limited and Sofina Ventures to position its technology offerings at a global level. Comprehensive educational services.
Joy DeCosta, CEO of K12 Techno Services , said: “We are pleased to welcome Kedara as a valued partner in the next phase of our growth as they represent the combination of values and aspirations that will help us achieve our mission. . Indian K-12 will make a splash in space. Our philosophy is not only to help develop scientists, but also to train compassionate and capable people ready to create a better world. We believe that integrating technology with India-specific learning models will help improve overall teaching and learning outcomes. "
Sunish Sharma, Founder, Managing Partner and Managing Director of Kedara Capital Anant Gupta said, “Education is the foundation of progress of any society. In India, more than 260 million K-12 students are seeking high-quality and affordable education. Comprehensive quality education. K12 Techno has done a great job of bridging this gap with schools by using technology and being process-oriented. We are excited to partner with Jai and the K12 Techno team to accelerate their growth and achieve their mission of providing world-class services. Comprehensive education in India at affordable prices .
“ As a long-term shareholder and partner of Joy and her team, we have had the opportunity to see K12 Techno's journey from the outside. Over the past 10 years, they have built a powerful platform and technology suite to provide high-quality services to schools and students across the country. We believe that the addition of Kedara will leave the company well-funded and strong, enabling it to build a sustainable business. added G.V. Ravishankar, M.D., Pico XV .
Sunil Gala, CEO, Navneet Education said, “Our partnership with K12 Techno is based on a shared commitment to promote knowledge and high-quality education in India. We have extensive experience working with Joy and the team for over 10 years. “We are pleased to welcome Kedara as a partner to realize this vision and are confident that K12 Techno will continue to create significant value for all stakeholders in the coming years.”
About K12 Techno
Established in 2010, K12 Techno Services Pvt Ltd is a leading educational services provider in India offering a dynamic range of academic support, services and solutions to educational institutions. Advanced teaching methods combined with effective use of technology characterize K12 Techno's approach to K-12 education in India.
The company offers a full range of services to over 900 educational institutions across India under various brands. The company's brands, content and technology reach more than 300,000 K-12 students.
For more information about K12 Techno, visit www.k12technoservices.com.
