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June 01, 2011

Deal Alert: Rajasthan Venture acquires 30% stake in vocational education co Shree EduServe




From the Press Release:

Rajasthan Venture (RVCF) has taken about 30% stake in an early stage vocational training education company, Shree Eduserve Pvt Ltd., having over 65 centers across the country. Shree Eduserve Pvt. Ltd. , a fast growing company founded in 2006 , has been developing new generation products for better understanding and imparting quality education and vocational training. The company is headquartered in Jaipur with franchisee all over Rajasthan and parts of India.

According to Mr Girish Gupta, CEO of Rajasthan Venture “RVCF funding will enable Shree Eduserve to widen its scope by enhancing existing e-learning product features and expanding its reach to other states as well. India’s Education Sector is estimated to be worth US Dollar 60 billion. Out of this, vocational training accounts for US Dollar 1.50 billion. The vocational training market in India is estimated to witness a growth rate of about 20% per annum in next few years. English and related training are the major chunk of this market and English is currently the flagship brand (FOCUS) of Shree Eduserve Pvt. Ltd. There is special emphasis by the Government on the education sector, specially Vocational training programs for the rural youths and Shree Eduserve with its current infrastructure is well placed to cater to the growing demand, especially the English language training.

As per Mr. Karunn Kandoi, CMD, Shree Eduserve Pvt. Ltd. said, “Shree Eduserve’s association with RVCF will bring significant change in growth and expansion plans, as we aim to open more quality learning centers all over India. We wish to repeat the same success that we have got so far in Rajasthan across India with our revolutionary concept of learning and unique business model. The first round of funding shall be used to build the brand image and expand the existing operations across the country.”

Rajasthan Venture Capital Fund (RVCF) aims to invest pan India, in companies operating in high growth sectors and create value for all stakeholders. RVCF intend to support companies involved in growing technology in education sector.

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