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Friday, May 20, 2022

iNurture Education Solutions raises $15 million in a mixture of debt and fairness from ADM Capital

Ed-tech agency in larger schooling offering diploma programmes in partnership with recognised universities in India, iNurture has raised $15 million from from ADM Capital in a mixture of debt and fairness.

As a part of this transaction, ADM Capital has acquired Ventureast’s stake in iNurture, facilitating an entire secondary exit.

“Having established a profitable growth trajectory, our efforts in the last few years have been to strengthen our offerings in the online space, especially focused on student employability, through a robust technology infrastructure and effective academic constructs as well as powering the Smart University model through implementation of Centres of Excellence across our University partner network. Ventureast has been an exceptional partner to iNurture over the years and given that they wanted to distribute meaningful returns to their limited partners within the fund’s life, we have facilitated a successful exit for them,” Ashwin Ajila, founder and managing director, iNurture.

The Bengaluru-based ed-tech agency plans to utilise these funds for propelling progress of its National Education Policy 2020 (NEP)-ready programmes, increasing its Centres of Excellence mannequin throughout college companions in India and additional enhancing its expertise stack for pupil placement.

ADM Capital is an funding agency with a concentrate on financing progress, cross border transactions, acquisitions and particular alternatives throughout the Asia Pacific area

Currently, the corporate claims to have partnered with over 30 college campuses throughout India, providing over 50 programmes on campus, and has greater than 15,000 college students enrolled in these differentiated programmes. iNurture Education additionally has partnerships with international universities offering programmes in Design, Digital Business, Sports, Luxury and Hospitality Management together with a number of programs in rising applied sciences.

Read additionally: Indian learners among the many youngest, 75% below 30 years, reveals Duolingo report

Source: www.financialexpress.com”

Business Khabar
Business Khabar
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