Venturi Partners buys $27m stake in Peak XV-backed edtech firm

(From left) Venturi Partners managing director Rishika Chandan, founder and managing partner Nicholas Cator, CEO Lauren Burns, and executive director Sarvesh Nevatia / Photo credit: Venturi Partners

Venturi Partners has bought 5.12% of K12 Techno Services shares for US$27 million from Navneet Learning, a subsidiary of educational and children’s book publishing firm Navneet.

Operating in India’s private education domain, K12 Techno Services provides a integrated curriculum and multimedia teaching aids to over 800 private schools, reaching over 300,000 students across the country. Additionally, it offers assessment and administrative solutions for teachers, school management teams, and marketing teams.

The company said that over the past five years, its revenue has grown at a compound annual growth rate of around 40%.

Venturi Partners made the investment through its maiden US$180 million consumer-focused fund.

After finalizing the fund in April 2022, Venturi Partners aimed to invest in growth-stage startups between series B and series D, with check sizes ranging from US$10 million to US$40 million.

Venturi will join existing shareholders such as Peak XV Partners, Kedaara Capital, Sofina Ventures, and Navneet Learning to aid K12 Techno Services’ management.

Peak XV Partners partially exited from K12 Techno Services in September 2023, when the edtech firm secured an undisclosed investment from Kedaara Capital. The Venturi Partners deal, meanwhile, provided a partial exit to Navneet Learning.

K12 Techno Services will now be part of Venturi Partners’ investment portfolio in India and Southeast Asia, which includes Livspace, Country Delight, Believe, Pickup Coffee, and Dali.

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