Chennai based Mind Shaper Technologies Pvt Ltd is talking to private equity investors to raise upto $40Mn in it's second round of PE funding. The funds will be used for product development, marketing and sales promotion of teacher learning products.

Mind Shaper Technologies, which provides educational content under the brand Classteacher Learning Systems raised $15Mn from Fidelity Growth Partners India in July last year. The funds were raised to expand it's product portfolio.

Mindshaper was founded in 2000 by IIT - IIM alumni Rohit Pande and Sameer Buti. It offers an integrated solution to assist teaching in classrooms using software, hardware and school support services.

Mindshaper has repositories of digital education content in the industry with about 85,000 teaching modules mapped to multiple education boards. It has a strategic partnership with NIIT.

Mind Shaper Technologies Operational Performance

There have been some deals in the education content space in 2011. Most recently, Helion Advisors invested $3.5Mn in Vienova Education. RIL also acquired 38.5% stake in Extramarks Education Private Limited - a provider of interactive learning resources to schools, teachers and students through digital distribution.

Before that in October'2011, Edserv Softsystems acquired Prosel Ventures Pvt Ltd for Rs3Cr in an all cash deal. Prosel provides content for CA,CS and CWA exams.

Previous Article

Kotak Mahindra Bank To Expand In India Through Acquisitions

Next Article

PE Backed Augere To Sell 4G Spectrum, Quit India Operations