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Follow on Google News | Fidelity Growth Partners India acquires significant minority stake in Classteacher Learning SystemsFidelity Growth Partners India (FGPI) invests up to $15M to acquire a significant minority stake in Mind Shaper Technologies Private Limited.
By: IMPRIMISPR The investment will be used to further the company’s product portfolio and strengthen Classteacher’ As part of this investment Mr. Kabir Narang and Mr. Raul Rai with FIL Capital Advisors (India), the private equity advisory arm for FGPI will join the board of the company. Commenting on this, Kabir Narang said “We are excited to partner with Mind Shaper Technologies and be a part of the large and growing education sector. The company has an exhaustive content library that can be leveraged beyond digital whiteboards, a reference base of leading schools across the country and a strong management team”. Mr. Rohit Pande, CEO, Classteacher Learning Systems, said “This investment will help us enhance our product offering as well as expand into new segments of education. We see this as a key milestone in our evolution and are glad to partner with FGPI to achieve our goal to support learning and teaching in classrooms across India.” End
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