Today: 6 July 2025
26 October 2022
1 min read

Sequoia eyes investment in homegrown edtech startup

In more than a dozen Indian locations, K12 Techno Services manages the network of Orchids – The International Schools….reports Asian Lite News

Sequoia India is reportedly planning to invest more than $50 million in K12 Techno Services, an edtech startup that provides a variety of services to educational institutions and also manages its own chain of schools.

According to a TechCrunch report on Tuesday, K12 Techno Services which has raised more than $75 million in previous rounds and also engaged with TPG and Accel decided to go with existing backer Sequoia India.

“The terms of the investment might change because the round has not yet concluded. It is unknown if any other investors, outside Sequoia, are participating in the round,” the report said, citing sources.

In more than a dozen Indian locations, K12 Techno Services manages the network of Orchids – The International Schools.

It runs over 90 schools where it teaches a variety of from robotics to philosophy for an individual’s “360-degree development.”

Orchids has served over 75,000 students, according to its portal.

Through its subsidiary called Let’s Eduvate, it also provides an integrated curriculum, a platform for online classrooms, and other school management applications to over 300 schools.

Another subsidiary of K12, Sparkle Box, sells child-oriented activity kits through its e-commerce store.

K12 and Sequoia India both declined to comment, according to the report.

Sequoia earlier backed Byju’s, Unacademy and Doubtnut. In addition, it is an investor in Eruditus, a company that provides higher education in dozens of countries.

ALSO READ: Crypto industry welcomes Sunak, a ‘champion of fintech’

Previous Story

Health unicorn Cerebral cuts 400 jobs

Next Story

Clinical Aussies thrash Lanka

Latest from Business

Northeast Is Growth Engine

Scindia also provided updates on the government’s efforts to facilitate the entry of SpaceX’s Starlink service into India. “All due diligence from the Ministry’s side is complete Union Minister for Communications and

India to Empower Global South

India is emerging as a pivotal force in the global transition to clean energy, with Union Minister for New and Renewable Energy, Pralhad Joshi, asserting that the country is empowering the Global

Maruti’s Global Push Breaks Record

June shipments hit 37,842 units, signalling robust global demand Maruti Suzuki India recorded its highest-ever monthly exports in June, shipping 37,842 units and marking a new milestone that highlights the company’s expanding

Qatar Debut For Tata

Tata Motors emphasised that its international offerings are backed by strong research and development capabilities, with vehicles that are thoroughly tested and adapted to local conditions Tata Motors has unveiled its all-new

India’s Millionaire Wealth Surges

Strong equity markets and investor optimism around artificial intelligence (AI) played key roles in bosting returns and overall wealth creation India recorded a robust 8.8 per cent rise in high-net-worth individual (HNWI)
Go toTop

Don't Miss

India pitches for UN reforms

Hailing the inclusion of the African Union as a permanent

Dhankhar travels to Tehran for Raisi’s funeral

President of India, Droupadi Murmu, and Prime Minister Narendra Modi