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Edtech firm iNurture raises $15 mn from ADM Capital in debt and equity

Currently, the company has partnerships with over 30 university campuses across India, offering over 50 programmes on campus, and has more than 15,000 students enrolled in these programmes.

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In the fiscal year 2022, iNurture grossed $29 million turnover with an EBIDTA of $2.5 million

BS Reporter Mumbai
iNurture Education Solutions, an edtech firm in higher education, has raised $15 million in a combination of debt and equity from ADM Capital, an investment firm with a focus on financing growth, cross border transactions, acquisitions and special opportunities across the Asia Pacific region. As part of this transaction, ADM Capital has also acquired Ventureast's stake in iNurture, facilitating a complete secondary exit.  

The Bengaluru-based EdTech firm is looking to utilise these funds for propelling growth of its NEP-ready (National Education Policy 2020) programmes, expanding its Centres of Excellence model across university partners in India and further enhancing its technology

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First Published: May 10 2022 | 2:47 PM IST

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