K12 Techno Services Private Limited (K12 Techno), a an education and technology services provider in India, has on Thursday announced an investment from investment firm Kedaara Capital, for a significant minority stake in the company.

Through this investment, Kedaara seeks to support the company’s vision of providing high-quality holistic education services to students and to schools in India by leveraging technology, Kedaara said in a statement.

According to the statement, 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 own brand and a curriculum and technology platform.

The company’s brand, content and technology are used by over 300,000 students in the K-12 space in India.

It is also noted that the company has grown at a revenue compound annual growth rate (CAGR) of about 40 percent over last five years.

Kedaara said the firm will work closely with K12 Techno’s professional management team led by its Chief Executive Officer Jai Decosta, and other existing shareholders, namely, Peak XV Partners, Navneet Education Limited and Sofina Ventures, to augment its tech-enabled offering oriented towards world-class holistic education services.

“We are delighted to welcome Kedaara as a valued partner for the next phase of our growth, as it symbolizes a convergence of values and aspirations, and will help us continue to deliver on our mission to make an impact in the K-12 space in India,” said K12 Techno Chief Executive Officer Jai Decosta.

“Our philosophy is to help nurture not just scholars, but also compassionate and capable individuals ready to shape a better world,

“We believe the congruence of technology with learning models built for India will help scale both holistic learning as well as improve outcomes,” he said.

Meanwhile, Kedaara Capital Founder and Managing Partner Sunish Sharma and Managing Director Anant Gupta said that education is the cornerstone of any society’s progress.

“India has over 260 million students enrolled in the K-12 segment, that aspire for accessible, high-quality holistic education. K12 Techno has done tremendous work to help schools bridge this gap by leveraging technology and process orientation,

“We are excited to partner with Jai and the K12 Techno team to help them accelerate their growth and further their goal of providing world-class holistic education services across India at affordable price points,” they said.

Peak XV Managing Director GV Ravishankar, on the other hand, said that as long-term shareholders and partners to Jai and team, the firm has had a ring side view of K12 Techno’s journey.

”Over the last ten years, they have built a strong platform and tech stack to deliver high quality services to schools and students across the country,

“With Kedaara coming in, we believe the company will be well-funded and strengthened in its mission to build an enduring business,” he said.

Navneet Education Managing Director Sunil Gala also said the firm’s partnership with K12 Techno has been based on a shared commitment towards promulgating knowledge and high-quality education in India.

“We have had a fantastic experience working with Jai and team over the last 10+ years,

“We are delighted to welcome Kedaara as a partner towards realizing this vision and are confident that K12 Techno will continue to create significant value for all the stakeholders in the coming years,” he said.

Founded in 2010, K12 Techno is an education services provider in India, offering a dynamic suite of academic support, services, and solutions to educational institutions.

Upgraded teaching methodologies, blended with the effective use of technology signifies K12 Techno’s approach towards K-12 education in India.

The company provides full-stack services to over 900 educational institutions across India, under multiple brands.

The company’s brand, content and technology are used by over 300,000 students in the K-12 space.

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