Venturi Partners invests $27 million in Navneet Learning’s K12 Techno Services

Venture capital firm Venturi Partners focusing on consumer investments across India and Southeast Asia on Thursday announced a $27 million investment in K12 Techno Services from Navneet Learning LLP, a subsidiary of Navneet Education.

“Navneet Learning LLP (a subsidiary of Navneet Education Limited) has agreed to divest 5.12% stake in K12 Techno to Venturi Partners for INR 225.18 crores,” Navneet Education said in a stock exchange filing on Wednesday.

Navneet Learning said it has cumulatively invested Rs 118.59 crores in K12 Techno, and the deal marks the 1st part exit of its stake in the company. “This decision to partially divest our stake aligns with our long-term strategic vision and allows us to focus our resources on core business objectives while unlocking value for our stakeholders. By reallocating resources, we’re preparing ourselves to be more agile and responsive in a changing market,” the filing read.

K12 Techno Services provides full-stack education-related services to over 800 private educational institutions with more than 3,00,000 students enrolled across these educational institutions in India under multiple brands.

Speaking on the investment, Nicholas Cator, Founding Partner, Venturi, said, “Venturi’s values are well aligned with K12 Techno’s mission to leverage technology to provide world-class holistic learning and improved outcomes at scale. We look forward to working together with Jai (Decosta) and the team to support K12 Techno in this mission.”

K12 Techno Services claimed a revenue CAGR of around 40 per cent over the past five years.

The investment by Venturi Partners was out of its $180 million maiden fund and will join K12 Techno Services’ existing shareholders including Peak XV Partners, Kedaara Capital, Sofina Ventures, and Navneet Learning LLP.

Commenting on the transaction, Jai Decosta, CEO, K12 Techno, said, “This collaboration will propel us closer to our mission of shaping a brighter future through holistic learning experiences. Our commitment extends beyond academic excellence, aiming to cultivate empathetic and skilled individuals prepared to make a positive impact.”

Venturi Partners’ existing portfolio includes Livspace, Country Delight, Believe, Pickup Coffee, and DALI. The investment firm focuses on companies in education, healthcare, and fast-moving consumer goods sectors. The firm is backed by investors such as Frederic De Mevius, Peugeot Invest, Ackermans & Van Haaren and Quaestor.