K12 Techno Services Private Limited (K12 Techno), a leading education and technology service provider in India, offering a dynamic suite of academic support, services and solutions to schools, has raised an undisclosed amount in funding from investment firm Kedaara Capital for a significant minority stake in the company. According to the statement, this investment will also provide a partial exit to Peak XV Partners (formerly known as Sequoia Capital India).
Kedaara said the funding aims to promote the company’s vision of providing high-quality holistic education services to students and schools in India by leveraging technology.
Founded in 2010, K12 Techno provides full-stack education, content, and technology services to more than 900 educational institutions nationwide through a combination of its brand and a curriculum and technology platform. Its 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 per cent over the last five years.
Speaking on the fundraising, Chief Executive Officer of K12 Techno Services, Jai Decosta, said:
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.
The startup 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.
Sunish Sharma, Founder and Managing Partner and Anant Gupta, Managing Director of Kedaara Capital, added:
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.
GV Ravishankar, MD, Peak XV, commented:
As long-term shareholders and partners to Jai and the team, we’ve 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 nationwide. With Kedaara coming in, the company will be well-funded and strengthened in its mission to build an enduring business.