Vienova Education Raises R15.7Cr from Bamboo Finance
Delhi based Vienova Education Private Limited has raised R15.7Cr from Bamboo Finance, managers of the Oasis Fund.
With this investment, Mr Keith Allman from Bamboo Finance, joins the board of Vienova. The company will use fund raised to expand it's services to 100 schools.
Grameen Capital India was the advisor to Vienova on this transaction.
Vienova provides educational services to schools in North India. It provides content development end online tutoring service to schools.
The company provides private state certified schooling for grades K -12 in semi urban areas in India. Most children are from families that are considered low income, with some from poor families that qualify for scholarships from the management company.
It was founded by Parikshit Jain. He is alumni of IIT Delhi and IIM Ahmedabad, with six years plus experience at McKinsey & Co. Earlier in 2008, it raised angel funding from Indian Angel Network, while last Sept, it raised $3.5Mn from Helion Advisors.
Bamboo Finance manages the Oasis Fund a Luxembourg-based investment fund with $250 Mn under management .It Invests in energy, healthcare, financial services, education, housing, water, and agriculture sectors.
| 1 Readers' Comments | Post a Comment >> |
KVEZAR VIEW
| Date | Transaction | Type | Buyer | Size ($mn) |
|---|---|---|---|---|
| 2012-04-11 | Vienova Education - Oasis Fund | Private Equity |
Oasis Fund |
3.05 |
| 2011-09-29 | Vienova Education - Helion Advisors | Venture Capital |
Helion Venture Partners |
3.15 |
| Date | Type | Buyer | Target | Size ($mn) | State |
|---|---|---|---|---|---|
| 18/01/2013 | Private Equity | Avigo Capital Partners | Maharana Infrastructure And Professional Services Private Limited | 18.30 | Completed |
| 05/12/2012 | Private Equity | Sunrise Fund | Tree House Education And Accessories Limited | 7.49 | Completed |
| 11/10/2012 | Private Equity | Kaizen Management Advisors Private Limited | Ace Creative Learning Private Limited | - | Completed |
| 05/09/2012 | Private Equity | Indian Angel Network | Aurus Network Infotech Private Limited | - | Completed |
Fund |
||||
| Name | Corpus | Target Sector | Website | KeyContact |
|---|---|---|---|---|
| Oasis Fund | Healthcare Education Energy Agro/FoodStuff |
http://www.bamboofinance.com/ | Orna BerryAvraham ShochatItsik Danziger | |
Company | ||||
| Name | Promoters | Office | Competitor | Website |
|---|---|---|---|---|
| Vienova Education Private Limited | Parikshit Jain | Bunglow Plot 6, Main Road, Opp. Mother Dairy, Pandav Nagar | http://www.vienova.com | |
 |
Grameen Capital India |
| 1 | October 29, 2012 03:07 PM |
Dear
Sir/Madam i am appreciating your financial organization, as i understood that your organization providing funds for common man entrepreneur. I am bringing awareness in our area about solar systems for environmental free . I am interested to promote a mini solar power plant in our area A.P., India. Would you please support my project by funding through your esteemed organization. Please be do needful. Thanking you srinivas Nadikoti - Posted by srinivas.nadikoti |
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