Kaizen commits $4.5m to Indian school management firm
Kaizen Private Equity has invested INR250 million ($4.5 million) for a minority stake in Altus Learning, an Indian school management firm. The funding will be used to help the Gujarat-based operator expand in northern India.
Altus, which was set up five years ago, provides management and services to seven greenfield schools and nine preschools. It is currently in talks with 10 more educational institutions, LiveMint reported.
Private equity investment in the education space has struggled in recent years due to regulatory and valuation pressures. However, Kaizen sees niche areas, including school management, as rich in opportunity. The domestic PE player is regarded as an education specialist, most recently investing INR200 million in childcare services provider Your Kids ‘R' Our Kids.
According to Kaizen's research, India's education sector receives approximately $86 billion a year: $30 billion from the government, $43.2 billion from the private sector, and $13 billion from overseas students who enroll in local schools.
Separately, Indian Angel Network has committed an undisclosed sum to Aurus Network Infotech, a Delhi-based virtual classroom provider.
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