TutorVista has raised $18 million from Sequoia Capital and LightSpeed Venture Partners to fund its expansion into a hybrid (online-offline) education model (Sequoia had earlier invested $2mn in TutorVista)
The co. is also looking to raise another $15mn and plans to focus more on the offline model [ET]
TutorVista acquired Edurite Tutorial six months back and plans to standardize the content across geographies.
The physical centers will offer the same tech-driven content to students from Kashmir to Kanyakumari. Fifty such hybrid centers are already in place since its launch last month
In another e-learning venture, Info Edge has invested $1.5mn in Delhi based, Applect Learning that provides custom content development services to corporates with a focus on Education in the K-12 segment [BS]
e-learning is one of the hottest business in India and there is a lot of money lying on the table (I know few elearning consultants damn well!) – most of the universities are digitizing their content and standardization/publishing in itself is a big opportunity.