Kota-famed Allen Career Institute set to raise funds at over $1 Bn valuation

Here’s a summary of the key details from the article regarding the funding in the offline coaching space:

Startup:

• Name: Allen Career Institute

Founders:

• Govind Maheshwari (Co-Founder and Director)

Investors:

• Lupa Systems
  • Founder: James Murdoch

Fundraise Series:

• Late-stage funding round

Fundraise Details:

• Stake: 30-35%
• Valuation: Close to $1.2 billion

Financials:

• Revenue: Approximately ₹2,500 crore (around $333 million)
• Number of Students:
  • 200,000 enrolled in classroom programs
  • 200,000 taking distance courses

Date of Fundraise Announcement:

• Expected within a few weeks from the article’s publication.

Additional Information:

• Lupa Systems has previously invested in other Indian edtech companies, including Doubtnut and Harappa Education.
• They are reportedly looking to raise $150 million from family offices.

If you need more specific insights or further details, feel free to ask!

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2022-01-27 00:53:53