You are here: Home » PTI Stories » National » News
Business Standard

UAE-based Foundation Holdings ties up with Ryan International, to invest USD 100 mn in education JV

Topics
Education

Press Trust of India  |  Mumbai 

The UAE-based investment firm Foundation Holdings on Tuesday said it has tied up with Ryan International Group and will infuse USD 100 million into an joint venture over the next five years.

The two entities will focus on the K-12 segment to launch a managed school platform 'Ryan EduNation', an official statement said.

"With USD 100 million investment committed to Ryan EduNation over the next five years, our ambition is to adopt a scalable partnership model by empowering educational institutions and passionate land owners across India to create a platform of change and impact," Aakash Sachdev, managing director of Foundation Holdings, said.

Ryan, which has 137 schools in 40 cities with 2.70 lakh students, will focus on the education, while Foundation Holdings will be the investment partner.

The joint venture, under the brand name Ryan EduNation, has already made an acquisition of the managed school platform India Services that has 18,000 students across the country, the statement said.

The statement cited a study by Technopak, an advisory firm, which pegged the education market to be a USD 100 billion opportunity and the digital learning as a USD 2 billion one.

"Through Ryan EduNation, our vision is to provide quality education to 2 lakh students annually by 2030," Ryan International Group of Institution CEO Ryan Pinto said.

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

Dear Reader,


Business Standard has always strived hard to provide up-to-date information and commentary on developments that are of interest to you and have wider political and economic implications for the country and the world. Your encouragement and constant feedback on how to improve our offering have only made our resolve and commitment to these ideals stronger. Even during these difficult times arising out of Covid-19, we continue to remain committed to keeping you informed and updated with credible news, authoritative views and incisive commentary on topical issues of relevance.
We, however, have a request.

As we battle the economic impact of the pandemic, we need your support even more, so that we can continue to offer you more quality content. Our subscription model has seen an encouraging response from many of you, who have subscribed to our online content. More subscription to our online content can only help us achieve the goals of offering you even better and more relevant content. We believe in free, fair and credible journalism. Your support through more subscriptions can help us practise the journalism to which we are committed.

Support quality journalism and subscribe to Business Standard.

Digital Editor

First Published: Tue, December 17 2019. 21:40 IST
RECOMMENDED FOR YOU