Kaizen, Bertelsmann invest in online education firm
Kaizen, an education-focused Indian private equity firm, has led a $4 million Series B round investment in Educomp Solution's subsidiary authorGen, which produces online education platform WizIQ. German global media company Bertelsmann has also participated in the round.
Educomp acquired a 51% stake in authorGen in 2007 in order to consolidate its position on the online tutoring space. It later increased its holding to more than 75%. WizIQ is an online education platform...
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