comScore
Active Stocks
Tue Dec 05 2023 15:57:23
  1. Power Grid Corporation Of India share price
  2. 222.4 4.46%
  1. Tata Steel share price
  2. 131.6 0.5%
  1. NTPC share price
  2. 285.5 3.89%
  1. State Bank Of India share price
  2. 608.4 2.31%
  1. ICICI Bank share price
  2. 1,013.15 2.28%
Business News/ Companies / News/  Karadi Path Education raises $2.3 million
Back Back

Karadi Path Education raises $2.3 million

The company will use the funds for product development and organization building

Karadi Path Education claims its services are in use in over 1,000 schools, reaching over 200,000 students. Premium
Karadi Path Education claims its services are in use in over 1,000 schools, reaching over 200,000 students.

Chennai: Chennai-based education services company Karadi Path Education Co. Pvt. Ltd on Wednesday said it has raised $2.3 million from Pearson Affordable Learning Fund and existing investor Aavishkaar India II Co. Ltd.

Karadi Path provides high-impact, low-cost programmes to deliver English language proficiency to children and adults. The company will use the funds for product development and organization building. It is investing in updating its product portfolio to better serve both older students (high school, college and adult skill development) and younger students (preschool).

The company did not disclose the stake it diluted.

Unitus Capital and Economic Laws Practice, Mumbai, advised the company on the transaction.

The company claims its services are in use in over 1,000 schools, reaching over 200,000 students. While the current focus is English language learning, the pedagogy is being applied to develop programmes for other languages as well.

Milestone Alert!
Livemint tops charts as the fastest growing news website in the world 🌏 Click here to know more.

Catch all the Elections News, Corporate news and Updates on Live Mint. Download The Mint News App to get Daily Market Updates & Live Business News.
More Less
Updated: 18 Nov 2015, 10:57 PM IST
Next Story footLogo
Recommended For You
Switch to the Mint app for fast and personalized news - Get App