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Private Equity | 14 July 2011

Globals ITeS Gets Funding From Commonwealth Education And Encore Operating Partners

by Deeshesh Chheda
Globals ITeS Gets Funding From Commonwealth Education And Encore Operating Partners
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Bangalore-based Globals ITeS Pvt Ltd has raised funding from 1886 Investments Limited, UK (the investment arm of Commonwealth Education Trust) and Encore Operating Partners, Dubai.

Globals has diluted a total of 39% stake to 1886 Investments Ltd and Encore Operating Partners.

Globals will use the funds to develop cloud-based products in the education space such as ERP systems for K-12 educational institutions, low-cost tablet PCs and online teacher training platform.

Transaction Reference: Press Release


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