PE Fund Investments
Edtech firm i-Nurture raises $15-M from ADM Capital; Ventureast exits
Bangalore-based edtech firm i-Nurture Education Solutions has raised USD 15 million in a combination of debt and equity from ADM Capital. As part of this transaction, ADM Capital has also acquired Ventureast's stake in i-Nurture, facilitating a complete exit. The firm is looking to utilise the primary proceeds for propelling growth of its NEP-ready (National Education Policy 2020) programmes, expanding its Centres of Excellence model across university partners in India and further enhancing its technology stack for student placement. Currently, the company has partnerships with over 30 university campuses across India, offering over 50 programmes on campus, and has more than 15,000 students enrolled in these differentiated programmes. i-Nurture Education also has partnerships with global universities providing programmes in Design, Digital Business, Sports, Luxury and Hospitality Management including several courses in emerging technologies.
From the Venture Intelligence PE-VC Deal Database: Starting Jan-2010 i-Nurture Education Management had raised close to INR 270 crore from Bertelsmann India Investments, Ascent Capital, Ventureast and GVFL (Subscribers to the database can login to view the valuation, deal structuring and other transaction details.)
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