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.