Management services provider NSPIRA has raised Rs 400 crore from global investors, led by Olympus Capital Asia Credit and CX Partners Mezzanine Fund.
Anand Rathi Advisors, which acted as the sole bankers to the transaction, said in a statement that NSPIRA plans to utilise the funds raised in this round to expand its reach to new geographies and sectors.
NSPIRA, which has more than 11,000 employees and operations across eight states, provides end-to-end solutions across staffing, training, content services, organisational development interventions, IT infrastructure and sales and marketing.
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The company was advised by Nishith Desai Associates, while Khaitan & Co, Delhi represented the investors.
"This (funding) will help us expand our reach to different geographies and institutions under our fold. Our vision is to be India's No 1 management services company and completely change the way services are provided to educational institutions and beyond in India," NSPIRA Director Puneet Kothapa said.
Samir Bahl, CEO at Anand Rathi Advisors said this is a landmark transaction in the education management services space.
"NSPIRA runs a unique business model in the management services space which going forward will change the landscape in India," he added.
