FGPI acquires minority stake in Classteacher Learning Systems
Fidelity Growth Partners India today said that it has invested up to $15 million to acquire stake in Classteacher Learning Systems.
By PTI | Updated:
MUMBAI: Fidelity Growth Partners India (FGPI), today said that it has invested up to USD 15 million to acquire a significant minority stake in Mind Shaper Technologies Private Limited.
Branded as Classteacher Learning Systems, the company is a pioneer in K-12 educational content in the country.
The investment will be used to further the company's product portfolio and strengthen Classteacher's role as an organisation that combines technology and innovation as part of its commitment to education, a press release issued here stated.
Presently, the company has one of the largest repositories of digital education content in the industry with about 85,000 teaching modules mapped to multiple education boards.
The company offers an integrated solution to assist teaching in classrooms using software, hardware and school support services. This provides an ideal platform to make learning an enjoyable and enriching experience, the release said.
As a part of this investment Kabir Narang and Raul Rai with FIL Capital Advisors (India), the private equity advisory arm for FGPI, will join the Board of the company.
Commenting on this, Narang said, "we are excited to partner with Mind Shaper Technologies and be a part of the large and growing education sector. The company has an exhaustive content library that can be leveraged beyond digital whiteboards, a reference base of leading schools across the country and a strong management team."
Branded as Classteacher Learning Systems, the company is a pioneer in K-12 educational content in the country.
The investment will be used to further the company's product portfolio and strengthen Classteacher's role as an organisation that combines technology and innovation as part of its commitment to education, a press release issued here stated.
Presently, the company has one of the largest repositories of digital education content in the industry with about 85,000 teaching modules mapped to multiple education boards.
The company offers an integrated solution to assist teaching in classrooms using software, hardware and school support services. This provides an ideal platform to make learning an enjoyable and enriching experience, the release said.
As a part of this investment Kabir Narang and Raul Rai with FIL Capital Advisors (India), the private equity advisory arm for FGPI, will join the Board of the company.
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Commenting on this, Narang said, "we are excited to partner with Mind Shaper Technologies and be a part of the large and growing education sector. The company has an exhaustive content library that can be leveraged beyond digital whiteboards, a reference base of leading schools across the country and a strong management team."
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