S Chand Raises $27 Million To Scale-Up Operations In Digital Education Space

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.”

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