Hyderabad, India (PressExposure) March 15, 2011 -- Sequoia Capital today announced an investmentof Rs 25 crorein K12 Techno Services Pvt. Ltd. in their second round of funding. K12 manages over 70affordable English-medium schools run by 15 different trusts under the Gowtham Model School brand.
K12 will utilize the fundsfor growth as well as modernization of classrooms to allow teachers and students to leverage superiortechnology infrastructure for improving learning outcomes. K12 has also partnered with best-in-class and global specialists, CfBT UK and Brilliant Tutorials for spoken English and IIT training.The investment will also be used forexpansion of the network by an additional25 new schools across Andhra Pradesh.
K12 Techno Services is a pioneer in enabling high quality education at an affordable price point under the Gowtham Model School brand. The company's services include curriculum development, infrastructure development, pre-school management, teacher training and marketing solutions to educational trusts. Schools managed by K12 are focused on holistic development of the students through technology enabled content delivery.The company plans to expand this business model to other states in the country.
Ravishankar GV, Managing Director, Sequoia Capital India said "K12 has been a pioneer with a capital efficient model addressing a large market opportunity. Our first round of investment in 2010 helped K12 establish the foundation for fast growth. Now, we are pleased to announce an additional investment of 25 crore to help K12 scale to the next level of growth."
Venkatnarayana, Managing Director, K12 Techno Services, said, "Sequoia Capital's continued support remains a crucial element in our growth strategy and is a recognition of the pioneering efforts we have made in providing high quality education under the Gowtham Model School brand. This investment will be a strong facilitator for our rapid growth and expansion as we continue to focus on-providing high-quality education at an affordable price."
Earlier, Sequoia Capital alongwith SONG Investment Advisors-had funded the first round of investment in K12. SONG - funded and owned by the Soros Economic Development Fund - focuses on education as one of their key focus areas in India. This is Sequoia Capital's third investment in India's education sector.
About Sequoia Capital India
Sequoia Capital currently manages funds capitalized at close to US $1.4 billion and invests across venture, growth and late stage opportunities in India. It takes a long term view on investments and plays the role of an active, value added partner to entrepreneurs, business families and management teams. Over the last 10 years, Sequoia Capital has invested in more than 50 Indian companies including Café Coffee Day, Comviva (Bharti Telesoft), Idea Cellular, Ind-Barath Power, Just Dial, Manappuram Finance, Paras, Shaadi.com, Quick Heal, Micromax SKS Microfinance and Vasan Health Care. Sequoia Capital operates out of offices in Bangalore, Mumbai and New Delhi.
Globally, Sequoia Capital has an unparalleled track record of partnering with entrepreneurs to create global market leaders. Sequoia Capital has been an early investor in companies such as Google, Cisco, Yahoo, YouTube, Oracle, and Apple Computers. Sequoia Capital maintains dedicated teams in the US, China, India and Israel.
For more information, kindly visit: [http://www.sequoiacap.com/india/venture-capital/]
K12 Techno Services is one of the largest education service provider in India managing 50 schools and 10 junior colleges under the Gowtham Model Schools brand. As one of the biggest school management companies, it offers professional services to fulfill the needs of schools, students, parents, teachers and all those in the K12 spectrum. The complete range of exceptional and cost effective education solutions are designed to leverage every institution's inert potential to excel. The company has a proven reputation for excellence in providing maximum flexibility and consolidation of teaching-learning resources.
For more information, kindly visit: http://k12technoservices.com/