K12 Techno Services has raised investment from Kedaara Capital against a significant minority stake in the company.
The funds will be used to support the firm’s mission of providing high-quality education and technology services to the K-12 segment, K12 Techno said in a press release.
This investment will also provide a partial exit to Peak XV Partners (formerly known as Sequoia Capital India).
K12 Techno is a technology and education services business providing full stack education, content, and technology services to more than 900 educational institutions across the country through a combination of its own brand and a curriculum and technology platform.
As per the company, its brand, content and technology has been used by over 300,000 students in the K-12 space in India. It also claimed to have grown at a CAGR of 40% over the last 5 years.
Last week, early stage investment firm Venture Catalysts announced that it made a partial exit from Cusmat and full exit from Koovers. In August, early stage investor Titan Capital also made a partial exit in debt recovery and legal automation platform Credgenics with more than 100x return.
Desk
Verified JournalistDiscover the latest startup, business, and funding news. Get insights on trends, IPOs, mergers, and acquisitions. Perfect for entrepreneurs, investors.