Kedara Capital Invests In Education And Technology Services Provider K12 Techno Services

Kedara Capital has announced an investment in Techno Services Limited, a K-12 education and technology services provider. The investment will facilitate a partial exit from Peak XV Partners (formerly Sequoia Capital India), the company said in a press release.

CNBC-TV18 first reported last month when Kedara said Kedara might invest $130 million (roughly Rs 1,000 crore) in K-12 Techno Services. According to sources, this could involve buying out an existing investor and injecting new capital.

While the current investment figures are yet to be disclosed, sources added that erstwhile private equity investor Kedara Capital may invest Rs 1,000 crore in Techno K-12 services.

K12 Techno Services is an education and technology services company that offers a wide range of education, content and technology solutions to more than 900 educational institutions nationwide.

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"We are delighted to welcome Kedara as a valued partner for our next phase of growth as it represents a alignment of values ​​and aspirations and will help us fulfill our mission to make an impact in K-space 12. India," he said. said Jay. DeCosta, CEO of K-12 Techno Services.

The company's brand, content and technology platforms are currently used by more than 300,000 students across the K-12 sector in India. Over the past five years, K12 Techno has registered a compound annual growth rate (CAGR) of nearly 40 percent.

According to K12 Techno Services, this partnership will strengthen the company's technology offering, which aims to provide world-class holistic education services to students and schools in India.

“K12 Techno Schools has done an incredible job of using technology and process leadership to bridge this gap. We are delighted to partner with Jai and the K12 Techno team to accelerate their growth and achieve their goals of providing world-class education services at affordable prices in India,” said Sunish Sharma, Founder and Managing Partner, Anant Gupta. Director of Kedara Capital.

Why is Navneet education in focus?

Navneet Education has a 22% stake in K-12 Techno Services, according to the company's latest investor presentation. Additionally, a sharp rise in K-12 Techno Services' valuation will benefit the company.

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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 by providing flexible academic support, services and solutions to educational institutions.

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