Info Edge To Invest $1.5 Million In Applect Learning Systems
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:
- Info Edge Invests 20 Crore In eTechAces (Policybazaar.com)
- DealTracker – StudyPlaces Secures $3 Million Funding
- Naukri To Launch FirstNaukri For Freshers
- Budget Gives Boost To Online Learning Companies
- DealTracker – Vriti Infocom Raises $2.5 Million
Filed under: Deal Tracker
Go ahead, subscribe to the Wildblueskies RSS feed.
Congrats!!!!!!!!!! Keep up the good work guys