Company Name : S Chand
Funding Amount : $27 million
Investor(s) IFC Everstone Group. .
Funding Round : Not Disclosed
Indian education content provider, S Chand has raised $27 million financing from IFC and existing investor, the Everstone Group.
The investment will be used to scale-up operations in education publishing and the digital education space. IFC will provide equity capital to help the company expand into new sub-segments of education.
“IFC’s investment, in addition to global expertise in the education industry, will be used to extend S Chand’s leadership position in the knowledge services business, support our pan India expansion strategy and augment textbooks with multimedia and digital delivery content,” said Himanshu Gupta, Joint Managing Director, S Chand.
“We believe digital content has the potential to empower teachers and significantly increase attention and understanding of abstract concepts for students.”