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Kalpathi Group enters ed-tech space with Rs 50 cr investment in new venture

Veranda will offer training programmes in test preparation for all competitive exams in India

Suresh Kalpathi
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Suresh Kalpathi said the key USP will be high quality and affordable education

T E Narasimhan Chennai
The Rs 4,000 crore Kalpathi Group has entered the $1.96 billion ed-tech space by launching Veranda Learning Solution with an initial investment of around Rs 50 crore.

The 25-year old Group, which was started by Suresh Kalpathi with his two brothers, has business interests in education, software services, property development, finance, and entertainment. The Group also runs a VC fund called Kalpathi Investments. It started SSI and went on to become the first Indian IT company to be listed on the London Stock Exchange. It also acquired Aptech.

Veranda will offer training programmes in test preparation for all competitive exams in India