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CBA Capital to invest Rs 100 cr in 15 EdTech cos

Press Trust of India  |  New Delhi 

Venture capital fund today said it will invest Rs 100 crore in 15 companies focused on education and skilling solutions. The early-stage education and skilling impact fund, (ECF), will target pre-series A, Series A and B equity rounds in companies, it said in a statement. is a Rs 100 crore fund registered under the Category II jurisdiction and has investors including Michael & Susan Foundation and "Only a fraction of all is going to the education sector but the long-term impact of an investment in this sector can make it exponential," Vishal Bharat, of said. As part of the first close, announced in three companies - Simulanis, Kopykitab and Buddy4Study with a total commitment of Rs 15 crore. All three are to disrupt traditional business models, said. ECF's mission is to support 15 entrepreneurs dedicated to providing solutions for educating and skilling individuals and professionals primarily in the low-income segment.

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

First Published: Thu, January 11 2018. 14:55 IST
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