PE-VC Fund Investments
K12 Techno raises Rs.1,159-Cr from Vitruvian Partners; Peak XV nets 12X gain on part exit
Bangalore-based K12 Techno Services , has raised INR 1,159 crores from European private equity firm Vitruvian Partners. The transaction, involving a mix of primary and secondary shares, resulted in Vitruvian Partners acquiring a near 16% stake in the company.Vitruvian Partners (via Eko Tanno Pte Ltd) invested INR 150 crore as primary capital, while the balance was utilized to purchase shares from existing investors including Peak XV Partners, which part exited its investment with an approximately 12x return.Founded in 2010 by M. Venkatanarayana and M.S.C. Srikanth, K12 Techno operates a diversified education platform that includes the flagship Orchids The International School, school management services, and early-learning brands such as SparkleBox and Let's Eduvate. The company plans to add 10 to 15 schools annually to its network of 113 existing educational institutes across 17 cities.
Between May 2010 and Dec 2024, K12 Techno had attracted about $211 M from Peak XV Partners, Song Advisors, Kaizen PE, InnoVen Capital, Navneet Tech Ventures, Sofina, Kedaara Capital, Venturi Partners, Kenro Capital.For FY25, K12 Techno had reported about INR 376 Cr in Operating Income and about INR 58 Cr in Net Loss.
Want to receive such news items in your inbox? Click Here to sign up for a trial.
