You are here: Home » News-ANI » Business
Business Standard

Nspira Management Services raises USD 75 Mn of equity capital

ANI  |  New Delhi [India] 

has announced raising funds worth ~USD 75 million of equity led by a fund managed by Asia and Growth Capital II.

Nspira, which is one of the largest management services players in the private education space in India, provides end-to-end spectrum of services to over 500 educational institutions with a student base of close to 400,000 across 13 states in

Further, Nspira also offers coaching services in the medical and engineering competitive examinations space.

As part of the current transaction, a fund managed by Asia has invested about USD 67MM of primary capital into the Company for a minority stake. The proceeds will be used to fund the organic and inorganic growth plans of the Company. acted as the sole to Nspira for this transaction.

"We will be deploying the funds to scale our geographically, increase our client base, develop cutting edge education products, modernize our facilities and scale up our digital We will also opportunistically evaluate inorganic opportunities that are synergistic with our core and help us diversify our offerings," said MD Nspira, Puneet Kothapa.

"Nspira is a and has been instrumental in supporting the delivery of quality education to the masses at affordable prices. We are excited to be partnering with Nspira in its journey ahead," said MD Asia in India,

"BanyanTree is excited to with Nspira, a leading education services provider. BanyanTree seeks to make investments in which are driven by its large aspiring population thereby providing stability to the business and unaffected by economic cycles," said MD BanyanTree Growth Capital, Naval Totla.

Adding to this Samir Bahl, of said that this iconic transaction shall help attract investor attention towards the education sector.

"We foresee significant amount of deal activity in this sector over the next 5 years accompanied by consolidation of regional players," added Bahl.

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

First Published: Thu, July 12 2018. 11:22 IST
RECOMMENDED FOR YOU
RECOMMENDED FOR YOU