Skip to main content

Five faultlines in education

Extract from the speech of Manish Sabharwal, Chairman of TeamLease, at a discussion organized by Businessworld,
There are basically five faultlines in education but the interesting part is that these five faultlines — quantity versus quality, repair versus prepare, price versus cost, funding versus delivery, and excellence versus inclusion — don’t only apply to higher education...How we handle the trade-offs in these five faultlines will actually decide the difference (between growth and underdevelopment).

...Finally, we have to deal with excellence versus inclusion. John Gardner, then secretary of education, US, asked a profound question: can we be equal and excellent at the same time? That’s an important question in the context of reservations, but now I think about it in terms of quality versus quantity — the entry gate versus the exit gate. So, you can be like the IITs and IIMs, with tight entry gates and wide open exit gates. Or you could be like the Chartered Accountants’ Institute, with the wide open entry gate and a tight exit gate.

Today in vocational training, the entry gate and the exit gate are both wide open. So the system has no efficacy. Education has two values: education has a learning value and education has a signalling value. The signalling value of vocational training is very low. I would argue that the signalling value of an AICTE-certified MBA is also pretty low beyond the top 40-50 institutions who don’t talk about accreditation — they have got an independent standing.

Arun Natarajan is the Founder & CEO of Venture Intelligence, the leading provider of data and analysis on private equity, venture capital and M&A deals in India. View free samples of Venture Intelligence newsletters and reports. Email the author at arun@ventureintelligence.in

Popular posts from this blog

VC Interview: Shailendra Singh of Sequoia Capital India

In a recent interview to Venture Intelligence, Shailendra Singh discussed some of the firm’s newer investments in the early stage segment including in the online payments space, the progress at a few existing portfolio companies and the active role the firm is playing in helping its portfolio companies scale and succeed in India and globally. Prior to joining the firm in 2006, Singh was a strategy consultant at Bain & Company in New York and before that, an entrepreneur in the digital media industry.

Venture Intelligence: How does Sequoia go about identifying potential early stage investments in India? Is there anything different you are doing today than, say, a couple of years back?

Shailendra Singh: There is a lot more focus on technology investing and early stage investing. In general, as you might remember a few years ago, we were doing primarily growth investing but in the past 18-odd months, we have had a very strong focus on early stage and that’s continuing. In terms of how…

ChrysCapital and Sequoia Capital India grab two awards at APEX’19 PE-VC Awards

Mumbai, India, Feb 27, 2019: ChrysCapital and Sequoia Capital bagged two awards each as part of the “Awards for Private Equity Excellence” (APEX)event organized by Venture Intelligence. 

ChrysCapital bagged the Private Equity Fund Raise of 2018 Award (Closed $850 M Fund VIII within 4 months of launch) and the Private Equity Investor of 2018 Award (for its Exits from LiquidHub with 4x in dollar terms (within 4 years of its $53-M investment), AU Small Finance Bank with 11.5x return,  Torrent Pharma with 2.95x, City Union Bank with 2.83x, L&T Infotech with 2.56x)

Sequoia Capital India won the Early Stage VCInvestor(the firm registered 10x+ exits in Byjus Classes and SCIOInspire) and VC Fund Raise of 2018 (the firm closed an almost $700-M Fund VI).


Award Winners at APEX'19 PE-VC Awards

The event opened with a Fireside Chat with Kiran Reddy, CEO of SPI Group interviewed by his long time friend and colleague Vineeth Vijayraghavan.



Snapshots of the Awards Ceremony: (L-R) Gopal Srinivasan, …

PE investments in 2018 crosses $33-B to set new all-time high

Big Ticket investments in consumer apps Swiggy & Byju’s dominates year-end activity, even as investments in Core Sectors slow down
Private Equity (PE) investments in India rose to their highest ever figure of $33.1 billion in 2018 (across 720 transactions), according to data from Venture Intelligence (http://www.ventureintelligence.com), a research service focused on private company financials, transactions and their valuations. While PE investments have already surpassed the previous high - $24.3 Billion across 734 deals in 2017 - in the first nine months of 2018, the mega investments in Consumer Internet & Mobile startups such as Swiggy and Byjus towards the year-end, helped the 2018 total vault by 36% year-on-year. (Note: These figures include Venture Capital investments, but exclude PE investments in Real Estate.) The year witnessed 81 PE investments worth $100 million or more (accounting for 77% of the total investment value during the period), compared to 47 such transac…

EY tops League Table for Transaction Advisors to Private Equity deals in 2018

Avendus, JP Morgan claim the No.2 & No.3 slots; PwC claims top spot including other advisory services
EY topped the Venture Intelligence League Table for Transaction Advisor to Private Equity Transactionsin 2018. EY advised PE deals worth $4.9 Billion (across 17 qualifying deals) during the period. Avendus ($2.9 Billion across 18 deals) and JP Morgan ($2.2 Billion across 2 deals) took the second and third spot. Barclays ($2 Billion across 3 deals) and KPMG ($1.7 Billion across 7 deals) completed the top five in 2018.
The Venture Intelligence League Tables, the first such initiative exclusively tracking transactions involving India-based companies, are based on value of PE and M&A transactions advised by Transaction and Legal Advisory firms.
EY advised deals during the year include Macquarie's $1.5 Billion investment in NHAI Toll-Operate-Transfer (TOT) Bundle and Blackstone's investment in Indiabulls' commercial assets in Mumbai. Avendus advised deals include the Nasp…

Private Equity investments up 26% to $10-B in Q1’19

Press Release
Private Equity and Venture Capital firms invested a record $10.1 Billion (across 159 deals) during the quarter ended March 2019, according to data from Venture Intelligence, a research service focused on private company financials, transactions and their valuations. The investment value increased 26% compared to the $8.0 Billion (across 208 transactions) recorded in the same period in 2018 and 39% higher than the immediate previous quarter (which had witnessed $7.3 Billion being invested across 178 transactions). (Note: These figures include Venture Capital investments, but exclude PE investments in Real Estate).
The latest quarter witnessed 23 PE investments worth $100 million or more (with 6 of them $500-M or above) compared to 17 such transactions in the same period last year. Infrastructure related companies (especially in Energy, Roads and Telecom) accounted for 48% of the investment value during the period - accounting for $4.9 Billion (across 16 deals), compared t…