From the Press Release: LokCapital, one of the largest dedicated funds in India for businesses focused onserving the lower income and base of the pyramid (BOP) customer segments and Acumen Fund, a pioneering nonprofit global venture firm addressing poverty in South Asia, East and West Africa, today announce Rs. 7 crore investment in Hippocampus Learning Centres (HLC), a for-profit rural education service provider in India. This is Lok Capital’s and Acumen’s first investment in Education and marks the launch of their respective education portfolios. Based in Karnataka, India, HLC provides affordable, quality education by employing and training local female teachers who coach students between the ages of 3-12 in both pre-school and primary instruction. Education has traditionally been a public sector service but public education systems globally have struggled to meet the learning needs of low-income populations. In a rapidly developing economy like India, more than 50% of children betwe...