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Info Edge Ltd, the owners of jobs portal Naukri.com, matrimonial portal JeevanSaathi, etc. have made an investment of Rs 6.5 crore ($1.54 million) in another education company – Applect Learning Systems in lieu of a 40% equity stake says VC Circle.
This is the second investment by Info Edge in an education company. Earlier this year, Info Edge invested $1 million in StudyPlaces Inc, as part of the latter’s $3-million series A round led by Kleiner Perkins Caufield & Byers.
Info Edge also has its own education portal – Shiksha.com.
Based out of delhi, Applect claims to provide custom content development services to corporates with a focus on Education in the K-12 segment. Their services include development of courseware, assessment items, teaching pieces, simulations, and conventional training materials.
Info Edge clearly expects a lot from the education segment.

Related posts:

1. Info Edge Invests 20 Crore In eTechAces (Policybazaar.com)
2. DealTracker – StudyPlaces Secures $3 Million Funding
3. Naukri To Launch FirstNaukri For Freshers
4. Budget Gives Boost To Online Learning Companies
5. DealTracker – Vriti Infocom Raises $2.5 Million

Filed under: Deal Tracker

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