Venturi Partners (Venturi), a prominent growth equity firm specialising in consumer investments across India and Southeast Asia, announced the purchase of a $27 million stake in K12 Techno Services from Navneet Learning LLP, a subsidiary of Navneet Education Limited.
Established in 2010 and headquartered in Bangalore, K12 Techno Services has emerged as a frontrunner in the Indian education sector. The company, which operates under multiple brands, provides comprehensive education-related services to over 800 private educational institutions, with a student base exceeding 300,000. Boasting a robust compound annual growth rate (CAGR) of approximately 40 per cent over the past five years, the platform also manages Orchids, a renowned chain of international schools. The firm’s primary investors include Kedaara Capital, Peak XV (formerly Sequoia Capital India), and Navneet Learning LLP.
Speaking on the deal, Nicholas Cator, Founding Partner at Venturi, said:
Venturi’s values align well with K12 Techno’s mission to leverage technology to provide world-class holistic learning and improved outcomes at scale.
Venturi Partners’ substantial investment of $ 27 million in K12 Techno underscores the pressing demand for high-quality education in India. This strategic move presents a unique opportunity for K12 Techno to leverage technology and provide students unparalleled access to top-tier academic curricula, teaching methodologies, and experiential learning. Venturi, operating from its $180 million maiden fund, will join forces with existing shareholders such as Peak XV Partners, Kedaara Capital, Sofina Ventures, and Navneet Learning LLP to support the management team led by Jai Decosta, CEO of K12 Techno.
Jai Decosta, CEO of K12 Techno, added:
This collaboration will propel us closer to our mission of shaping a brighter future through holistic learning experiences. Leveraging technology alongside bespoke learning methodologies crafted for the Indian landscape, we aim to scale our impact and elevate educational outcomes.
As part of the agreement, K12 Techno will join Venturi Partners’ portfolio of consumer-focused investments in India and Southeast Asia, which includes Livspace, Country Delight, Believe, Pickup Coffee, and DALI.
