Incorporated in 2010, K12 Techno Services operates four subsidiaries that offer niche products in categories such as school management platform and schools. It operates a clutch of products, targeting students across both digital and physical formats.
Even as cash crunch continues to engulf the Indian edtech sector, venture capital firm Sequoia India is reportedly mulling investing $50 Mn in its portfolio startup K12 Techno Services. The phygital edtech startup had also engaged with TPG and Accel in recent weeks sources said. It is pertinent to note that Sequoia is already an investor in K12 Techno Services, alongside Belgian investment fund Sofina and Navneet Learning.
Incorporated in 2010, K12 Techno Services operates four subsidiaries that offer niche products in categories such as school management platform and schools. It operates a clutch of products, targeting students across both digital and physical formats.
The startup’s promoters exited the business in 2016 and their stake was later picked up by Sequoia Capital India. Navneet Learning LLP also owns a considerable stake in the platform. It runs around 90 branches of schools under the brand name Orchids – The International Schools in cities such as Bengaluru, Delhi, Mumbai, Pune and others. Another subsidiary Eduvate operates a school management platform that caters to more than 300 schools.
K12-owned UnleashEng is a children-focused english learning platform while another subsidiary Sparklebox sells custom made activity kits for children on its ecommerce platform.
