K12 Techno Services
End-to-end School Management Company focused on affordable K-12 Education segment in South India
Investment details: Co-investment with Sequoia Capital
Date of Investment: May 2010
SONG Investment Thesis
- Promoted by Mr. Venkatanarayana a post graduate in chemistry from Banaras Hindu University with 25 years of experience in the affordable education space
- $20 Billion+ market exists in the K12 education space, growing at 14%
- Currently managing 60+ schools on behalf of 15+ societies in Andhra Pradesh
- Brand Manager of the well known Gowtham Model School brand
- Innovative business model to enable rapid scaling in the mass market segment
- Tier2 and below cities, semi-urban and rural India are poorly served in terms of quality affordable K-12 education
- Potential to offer education services to 30,000 students whose parents, either, belong to income segment earning an individual income of below INR 10,000 per month, or, belong to SC/ST and other backward classes by 2014.
- Overall strategy development for growth
- Help in the development of IT and product strategy
- Helping with key senior management hires
News from SONG
- August 04, 2011
“Rajat Goel, Co-founder and CEO of Eye-Q featured in the cover...”
read more - July 29, 2011
“Vishal Vasishth Managing Director of SONG Investment Advisors in discussion with Education...”
read more - May 01, 2011
“K12 Techno Services chairman Mr. Venkatanarayana discusses growth strategy with Business Today...”
read more