Fidelity Growth Partners India (FGPI) invests up to $15M to acquire a significant minority stake in Mind Shaper Technologies Private Limited. Branded as Classteacher Learning Systems, the company is a pioneer in K-12 educational content in the country.
The investment will be used to further the company’s product portfolio and strengthen Classteacher’s role as an organization that combines technology and innovation as part of its commitment to education. At present the company has one of the largest repositories of digital education content in the industry with about 85,000 teaching modules mapped to multiple education boards. The company offers an integrated solution to assist teaching in classrooms using software, hardware and school support services. This provides an ideal platform to make learning an enjoyable and enriching experience.
As part of this investment Mr. Kabir Narang and Mr. Raul Rai with FIL Capital Advisors (India), the private equity advisory arm for FGPI will join the board of the company. Commenting on this, Kabir Narang said “We are excited to partner with Mind Shaper Technologies and be a part of the large and growing education sector. The company has an exhaustive content library that can be leveraged beyond digital whiteboards, a reference base of leading schools across the country and a strong management team”.
Mr. Rohit Pande, CEO, Classteacher Learning Systems, said “This investment will help us enhance our product offering as well as expand into new segments of education. We see this as a key milestone in our evolution and are glad to partner with FGPI to achieve our goal to support learning and teaching in classrooms across India.”
