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October 30, 2014

Deal Alert: Dell Foundation invests Rs.12-Cr in virtual classroom firm Edutel

Michael & Susan Dell Foundation (MSDF) has invested INR 12.4 crores in Edutel Technologies, a Bangalore-based provider of virtual classrooms for students in government and low-fee private schools. The company aims to help high school students from low-income backgrounds to perform well in competitive examination for professional courses / college admissions and also provide vocational education. The investment will help Edutel scale it's learning solution to underserved schools in India.

J. Sagar Associates (JSA) comprising of Partners – Sajai Singh & Gerald Manoharan; and Associate – Vishnu Nair advised and assisted Edutel in connection with the equity investment. MSDF was advised by AZB & Partners. Unitus Capital was the financial advisor on this transaction. 

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