Venturi Partners, a growth equity firm specialising in consumer investments across India and Southeast Asia, has purchased stake worth $27 million in Bengaluru-based K12 Techno Services Private Limited from Navneet Learning LLP, a subsidiary of Navneet Education Limited, per an announcement.
Venturi, which is investing out of its $180-million debut consumer-focused fund, will work closely with the company’s professional management team led by its CEO Jai Decosta; and other existing shareholders, namely, Peak XV Partners, Navneet Education Limited and Sofina Ventures, to augment its tech-enabled offering oriented, the firm said in a statement.
Incorporated in 2010, K12 Techno provides full stack education-related services to over 800 private educational institutions with more than 3,00,000 students enrolled across these institutions in India under multiple brands. The company claims to have clocked a CAGR of around 40% over the last five years.
“Leveraging technology alongside bespoke learning methodologies crafted for the Indian landscape, we aim to scale our impact and elevate educational outcomes,” said Decosta, .
Last September, K-12 Techno had secured an undisclosed amount in funding from private equity Kedaara Capital, which also provided a partial exit for Peak XV Partners (formerly known as Sequoia Capital India).
With the latest investment, K12 Techno will join Venturi Partners’s portfolio of consumer-focused investments in India and Southeast Asia which includes Livspace, Country Delight, Believe, Pickup Coffee, and DALI.
Venturi Partners was founded in 2019 by veteran consumer investor Nicholas Cator. Backed by investors such as Frederic De Mevius, Peugeot Invest, Ackermans & Van Haaren and Quaestor, the firm provides growth funding to customer-centric, purpose-driven brands in India and Southeast Asia, with a focus on education, healthcare, and fast-moving consumer goods.
“Venturi’s values are well aligned with K12 Techno’s mission to leverage technology to provide world-class holistic learning and improved outcomes at scale. We look forward to working together with Jai and the team to support K12 Techno in this mission,” said Nicholas Cator, founding partner at Venturi.