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This deal is a mix of primary and secondary investments, the firm said in a blog post.
On November 28, ET reported that former Peak XV Partners Managing Director Piyush Gupta launched Kenro Capital, which will focus on secondary transactions, acquiring minority stakes in growth-stage companies across sectors in India and Southeast Asia. The investment firm plans to deploy $20–30 million per investment.Commenting on the investment, Gupta said, “India’s education sector is poised for transformative growth, driven by strong demographic trends with 265 million school-going children and 24 million new births in 2023. The demand for quality education continues to soar, particularly in the private segment, where CBSE curriculum-based schools lead the way.”
Founded in 2010, the Bengaluru-based K12 provides a range of education, content, and technology solutions to more than 900 private schools across the country. It currently serves over 350,000 students.
The company also runs Orchids, a chain of international schools. It reported operating revenue of Rs 429 crore in FY24, up from Rs 358 crore in FY23. Its losses narrowed by 75% to 9 crore from Rs 39 crore in the previous year.
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“We believe the integration of technology with learning models tailored for India will enable us to scale holistic education while enhancing learning outcomes,” said Jai Decosta, chief executive, K12 Techno Services.
The educational platform last raised $27 million from consumer sector-focused venture capital firm Venturi Partners.
In recent months, coaching platform PhysicsWallah, executive education startup Eruditus, higher education and upskilling firm Upgrad and Hyderabad-based Bhanzu have raised fresh capital.
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