Resonance Eduventures, a notable name in the IIT-prep hometown of Kota, Rajasthan had raised R60 Cr from Milestone Religare Investment Advisors in April 2010.
Resonance is a coaching institute for JEE (erstwhile IIT-JEE/AIEEE), NEET (erstwhile AIPMT) exams for students of classes 9-12. It also offers coaching to students of grades 7-10 as Pre-Foundation Career Care Program (PCCP) for exam preparations of exams like National Talent Search Examination (NTSE) and various international science, mathematics, chemistry and physics Olympiads.
In 2009, the year before this investment was made, around $121 Mn (R556 Cr) was infused in eight companies in the same segment which included Career Point, FIITJEE, ITM Group, TutorVista and Edutech.
Infrastructure company IVRCL has sold its entire 75% stake in Chennai Water Desalination Ltd to Dubai based Utico FZC. The deal provides the plant having a networth of R24 Cr with an equity valuation of R150 Cr.