Education technology is revolutionizing classrooms and revolutionizing the way teachers interact with their students. K12 Techno Services Private Limited, a leading education and technology service provider in India, has received an undisclosed amount of funding from investment firm Kedaara Capital for a significant minority stake in the company. This investment will also provide a partial exit to Peak XV Partners.
Kedaara Capital said the funding aims to promote K12 Techno’s vision of providing high-quality holistic education services to students and schools in India by leveraging technology. Founded in 2010, K12 Techno Services provides full-stack education, content, and technology services to more than 900 educational institutions nationwide. Its brand, content and technology are used by over 300,000 students in the K-12 space in India, and it has seen a revenue compound annual growth rate (CAGR) of about 40 per cent over the past five years.
Jai Decosta, Chief Executive Officer of K12 Techno Services, commented on the fundraising, “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. Our philosophy is to help nurture scholars and 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 and improve outcomes.”
K12 Techno also provides custodial wallets, non-fungible token (NFT) minting, and liquidity off-ramps for branded tokens through an application programming interface (API) or e-commerce integrations. In addition, Sunish Sharma, Founder and Managing Partner, and Anant Gupta, Managing Director of Kedaara Capital, stated “Education is the cornerstone of any society’s progress. India has over 260 million students enrolled in the K-12 segment who aspire for accessible, high-quality holistic education. K12 Techno has worked tremendously 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 prices.”
Teachers can now take advantage of the latest advancements in education technology to make their classrooms more engaging and interactive. K12 Techno Services is set to revolutionize the way teachers interact with their students and make their learning more holistic. With Kedaara coming in, the company will be well-funded and strengthened in its mission to build an enduring business.
