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CBA Capital to invest Rs. 100 crores in 15 EdTech companies

ANI  |  New Delhi [India] 

on Thursday announced the launch of its second Rs. 100 crores early stage education and skilling impact fund, (ECF),targeting pre-series A, Series A & B equity rounds in companies focused on education and skilling solutions.

ECF's mission is to support 15 entrepreneurs dedicated to providing solutions for educating and skilling individuals and professionals primarily in the low-segment - defined as households earning less than USD 12 per day.

"We are excited to launch a first of its kind, multi-LP fund seeking to support and participate in the single largest human potential opportunity on the planet: the Indian Education Industry," said managing partner ECF, Vishal

"Only a fraction of all funding is going to the education sector but the long term impact an investment in this sector can make is exponential. We aren't just talking about the financial returns from a 10-year fund; we're talking about changing the trajectory of a society by impacting the entire learning eco-system in With the support and commitment we have from our LPs, strategic network and co-investment partners: we believe appropriately are going to transform the entire education sector," added

is a small Rs. 100 crores fund registered under the SEBI Category II jurisdiction. Its marquee investors include Michael & and both U. S. based international investors in the education sector.

The first close was announced in early 2017 and the final close is expected in the first half of 2018.

In conjunction with the first close of its fund, announced investments in its first three companies: Simulanis, and Buddy4Study, all to disrupt traditional models. The total commitment in these three companies is approximately Rs. 15 crores.

Simulanis, a based firm, is the first company in the portfolio that transforms training programs in corporates and institutions into interactive Augmented Reality/ (AR/VR) modules that help users quickly assimilate and apply new concepts and procedures.

Kopykitab, a based firm, offers a digital textbook platform that converts all traditional textbooks or publications onto a tablet or desktop where the student/reader can not only see the text digitally, but can also access embedded multimedia and reference content. The platform has some unique attributes such as the capability to annotate notes and then share them with a broader study group. The company plans to roll out a fully interactive platform for adaptive learning in the coming quarters.

Buddy4Study, a Noida based company, is expected to be ECF's third investment and has developed technology based solutions for students to manage their Through their can find, screen, apply and track their performance for based scholarships. The same platform can be used by scholarship sponsors to list, market, screen, fund and track applicants.

(This story has not been edited by Business Standard staff and is auto-generated from a syndicated feed.)

First Published: Thu, January 11 2018. 16:15 IST
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