Helion Venture Partners Invests $3.5mn in Vienova, Education Startup

One of the most pressing needs of this country is quality education for value conscious audiences at affordable prices. Various reports point to the need for providing high quality affordable education to over 100 million children in the country. This is undoubtedly the largest segment of the Indian education sector. Vienova is overcoming challenges unique to this category by deploying low cost monitoring mechanisms, training teachers, and through tailored education content.

Vienova provides a range of educational services to schools in North India and  leverages technology to deliver high quality services in value conscious and price sensitive markets. The company provides affordable education services to schools, including supplementary and vocational education, tutors for math, english, chemistry, science, SAT and  is looking at expanding its services to 100 schools in the near future and will use the fresh investments to fuel this growth.

Helion Advisors has announced an investment of US$ 3.5 million in Vienova Education. This follows the first round of funding by Indian Angel Network (IAN) and others in 2008. With this investment, Mr Sanjeev Aggarwal, Senior Managing Director, Helion Advisors, joins the board of Vienova.

Key Board members of Vienova currently include Mr Saurabh Srivastava, Co-Founder IAN, Co-Founder and Past Chairman of NASSCOM, as well as an Angel Investor; and Mr Rohit Chand, a renowned serial entrepreneur, who started IIS-Infotech (now Steria India) and Axis-IT&T.

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