New Enterprise Associates beats competitors to invest $50 million in TutorVista
VC firm New Enterprise Associates (NEA) is set to invest $50 million in Indian education platform TutorVista Global, reportedly besting firms such as Baring Private Equity Asia, ICICI Venture, Multiples Alternative Asset Management, Standard Chartered Private Equity and Singapore's GIC and Temasek Holdings to make the investment play.
According to earlier reports, existing investors such as Lightspeed Ventures and Sequoia Capital also sought to invest the capital at one point of another, which is to be used to drive its next expansion...
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