Singapore-based private equity firm Venturi Partners Pte. Ltd has acquired a 5.12% stake in K12 Techno Services Pvt. Ltd from Navneet Education Ltd for ₹225 crore ($27 million), according to a joint statement from the companies.
However, the financial details of the transaction were not disclosed. K12 Techno Services operates the Orchids International school chain.
Navneet Education Ltd has invested ₹118 crore in K12 since 2013. After this transaction, it will retain a 14-15% stake in the company.
K12 Techno Services has received investments from Peak XV, Sofina Ventures, and Kedaara Capital. The deal reportedly valued K12 at ₹5,000 crore. In September 2023, Kedaara Capital invested ₹1,200 crore to acquire a stake from Peak XV when the company was valued at ₹3,800 crore.
“This is a significant partial exit for Navneet Education, which has divested some of its stake but continues to hold a substantial position,” said one source familiar with the matter.
Venturi Partners, known for consumer investments across India and Southeast Asia, is committed to supporting K12 Techno with further capital requirements.
Venturi’s investment in K12 Techno reflects the demand for high-quality education in India. K12 Techno provides education services to over 800 private educational institutions, serving more than 300,000 students across India.
The company’s revenue has grown at a compound annual rate of around 40% over the past five years and is expected to reach ₹500 crore in FY 25.
