Sequoia Capital, Song invest $15 mln in K12 techno services

Wed Sep 8, 2010 1:05pm IST

Related Topics

Priyanka Gandhi Vadra, daughter of Congress party chief Sonia Gandhi, adjusts her flower garlands as she campaigns for her mother during an election meeting at Rae Bareli in Uttar Pradesh April 22, 2014. REUTERS/Pawan Kumar

Election 2014

More than 814 million people — a number larger than the population of Europe — are eligible to vote in the world’s biggest democratic exercise.  Full Coverage 

K12 manages over 60 schools run by 15 different trusts under the Gowtham Model School.

Sequoia Capital and Song Advisors have announced a $15 million investment in K12 Techno Services Pvt. Ltd, which manages over 60 schools run by 15 different trusts under the Gowtham Model School. KP Balaraj, Managing Director, Sequoia Capital and Ravishankar GV, Principal, Sequoia Capital and Vishal Vasishth of SONG have joined the board of K12.

VCCircle reported in July that Sequoia and Song are investing in K12 Techno, which also runs Orchids – the International school brand.

K12 Techno's services include curriculum development, infrastructure development, pre-school management, teacher training and marketing solutions with a special focus on development of communication skills.

With over 60 schools in Andhra Pradesh, K12 claims to be one of the largest pure-play school management companies in India. It plans to expand this business model to other states in country in the next 2 years.

"We see K12 as a pioneer with a capital efficient model addressing a large market opportunity. We are indeed pleased to partner with K12 - a potential market leader in affordable education,” said KP Balaraj, Managing Director, Sequoia Capital India.

-- Copyright 2010 VCCircle.com. All rights reserved.

This content/article is provided by Mosaic Media Ventures Private Limited and not by Reuters. All rights, including copyright, in this content/article provided by VCCircle.com are owned or controlled by Mosaic Media Ventures Private Limited. The content may not be copied, broadcast, downloaded and stored (in any medium), transmitted, adapted or changed in any way whatsoever without the prior written permission of Mosaic Media Ventures Private Limited.

-- Copyright 2010 VCCircle.com. All rights reserved.

This content/article is provided by Mosaic Media Ventures Private Limited and not by Reuters. All rights, including copyright, in this content/article provided by VCCircle.com are owned or controlled by Mosaic Media Ventures Private Limited. The content may not be copied, broadcast, downloaded and stored (in any medium), transmitted, adapted or changed in any way whatsoever without the prior written permission of Mosaic Media Ventures Private Limited.

FILED UNDER:
Comments (0)
This discussion is now closed. We welcome comments on our articles for a limited period after their publication.

  • Most Popular
  • Most Shared

REUTERS SHOWCASE

Election 2014

Election 2014

Kashmiris wary as Modi challenges for power.  Full Article 

Facebook's Performance

Facebook's Performance

Facebook Q1 revenue grows 72 percent on rising mobile ads.  Full Article 

Earnings Season

Earnings Season

Bharti Infratel Q4 net profit jumps 64 percent.  Full Article 

Monsoon Forecast

Monsoon Forecast

South Asia monsoon seen below-average to average in 2014 - WMO.  Full Article 

Solar Dispute

Solar Dispute

Green groups urge U.S. to drop solar trade case against India.  Full Article 

Oil Imports

Oil Imports

India to make May-July oil payments to Iran - sources.  Full Article 

Rice Exports

Rice Exports

India may cede top rice exporter spot under Southeast Asian price onslaught.  Full Article 

Reuters India Mobile

Reuters India Mobile

Get the latest news on the go. Visit Reuters India on your mobile device.  Full Coverage