Veranda Learning to acquire seven businesses
Summary
Veranda is spending the most - Rs 200 crore in a cash and stock combination - on Educare Infrastructure Services in a bid to expand its access to K-12 school and college education segment. “We would like to be part of students journey from schools, to test prep and colleges till the upskilling stage,” said Saradha Govindarajan, chief financial officer of Veranda Learning in a statement. Floated in 2018 by The Kalpathi Group, which has interests in sectors such as software services and entertainment, Veranda Learning has been aggressively building its education portfolio. Currently the company offers training programs for competitive exams including public service, banking, insurance, railways, CA, besides professional skilling and upskilling programmes. “The journey of any student begins in the K-12 space and it is an important part of the ecosystem we operate in,” said Suresh Kalpathi, executive director and chairman, Veranda Learning in the statement.
Classifications
AskAI Classifications
LabelsLinked Companies
