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Sequoia India May Invest $50 Million In K12 Techno Services

K12 Techno Services reportedly raised $75 million in the previous investment rounds

Sequoia India May Invest $50 Million In K12 Techno Services
POSTED ON October 26, 2022 5:21 PM

Sequoia India is keen to invest over $50 million in edtech platform K12 Techno Service. The start-up provides services in educational institutions and also manages a chain of schools, The Economic Times reported. 

K12 Techno Services reportedly raised $75 million in the previous investment rounds. While it is backed by Sequoia Capital along with TPG, Sofina and Accel, the terms of the imminent investment might change since the round is yet to conclude.   

Sofina had invested around Rs 200 crore in K12 in 2020. Last year, edtech unicorn Unacademy was also in talks to buy a significant stake in K12 Techno Services, to establish a stronger foothold in the offline education space.

K12 Techno Services currently runs 90 branches of Orchids international school in more than 12 locations across India. It claims to serve over 75,000 students in these institutions providing a 360-degree-development by teaching robotics to philosophy to students. 

Founded in 2010, the Bengaluru-based start-up's subsidiaries include Sparkle Box and Let's Eduvate. Sparkle Box sells child activity kits, while Let's Eduvate is an online platform that provides integrated curriculum and management programmes for more than 300 schools. 

Sequoia had backed other edtechs in the past, including Byju's, Unacademy and Eruditus.

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