On Thursday, Venturi Partners, a growth equity firm, said it has invested USD 27 million in education sector-focused K12 Techno Services for an undisclosed stake.
Venturi calls itself a growth equity firm active in India and Southeast Asia, and the stake has been bought from Navneet Learning LLP, a subsidiary of Navneet Education.
K12 serves students in over 800 private educational institutions and has witnessed a compounded annual growth of 40 per cent in revenues over the last five years, as per a statement.
"Venturi Partners' investment in K12 Techno reflects the underlying demand-supply mismatch for high-quality education in India, its strong management team," the statement said.
Advertisement
The investment has been done from its maiden USD 180 million fund, adding that other company shareholders include Peak XV Partners, Kedaara Capital, Sofina Ventures, and Navneet Learning LLP.
Just one email a week