The investment will support the company’s in providing high-quality education and technology services to the K-12 segment
K12 Techno Services Private Limited, today announced an investment from Kedaara Capital, for a significant minority stake in the Company. Through this investment, Kedaara seeks to support the company's vision of providing high-quality holistic education services to students and to schools in India by leveraging technology. This investment will also provide a partial exit to Peak XV Partners (formerly known as Sequoia Capital India).
Kedaara will work closely with the Company’s professional management team led by its CEO, Mr. Jai Decosta, and other existing shareholders, namely, Peak XV Partners, Navneet Education Limited and Sofina Ventures, to augment its tech-enabled offering oriented towards world-class holistic education services.
Jai Decosta, CEO, K12 Techno Services said, “We are delighted to welcome Kedaara as a valued partner for the next phase of our growth, as it symbolizes a convergence of values and aspirations, and will help us continue to deliver on our mission to make an impact in the K-12 space in India.”
Sunish Sharma, founder and managing partner and Anant Gupta, managing director of Kedaara Capital, said, "Education is the cornerstone of any society’s progress. India has over 260 million students enrolled in the K-12 segment, that aspire for accessible, high-quality holistic education. K12 Techno has done tremendous work to help schools bridge this gap by leveraging technology and process orientation."
“As long-term shareholders and partners to Jai and team, we’ve had a ring side view of K12 Techno's journey. Over the last 10 years, they have built a strong platform and tech stack to deliver high quality services to schools and students across the country. With Kedaara coming in, we believe the company will be well-funded and strengthened in its mission to build an enduring business.” added GV Ravishankar, MD, Peak XV.
Founded in 2010, K12 Techno is a technology and education services business providing full stack education, content, and technology services through a combination of own brand and a curriculum and technology platform.
The company will use this fund to enhance operational expertise and deep connectivity in the financial services and technology spaces
Watertec has posted an operating profit (EBITDA) of Rs 250 crore ($30 million)
The fund-raise will be deployed to expand its presence and outreach to Indian students enabling them to fulfil academic aspirations and lead the development of the Indian education ecosystem.
