wordpress blog stats
Connect with us

Hi, what are you looking for?

iNurture Education Solutions raises Rs 30 Cr from Bertelsmann India Investments

inurturelogoBangalore-based online-offline higher education services provider iNurture Education Solutions has raised Rs 30 crore investment from Bertelsmann India Investments (BII), the Indian investment arm of the German media conglomerate Bertelsmann. The company had previously raised undisclosed amount of investment from Ascent Capital in 2012 and GVFL in 2009.

Setup in 2004, iNurture partners various colleges & universities to offer industry relevant courses across various sectors like Information technology, animation, creative management, graphic design, mobile applications, business analytics and financial services among others. It currently offers diploma, undergraduate, post graduate, integrated and vocational training courses.

iNurture claims to currently have partnerships with more than twenty institutions across India to offer 25 different courses. This includes Jain University, Gujarat University, Poornima University, VELS University and Fergusson College among others and colleges like Thakur College of Science and Commerce, Carlton Business School and Horizon College of Business and Technology among others.

iNurture essentially ties-up with these universities & colleges as a ‘knowledge partner’, to replace the latter’s curriculum with its own curriculum and conduct on-campus classes for students. It also provides an online learning management system for them. On completion of the course, students are awarded university degree certificates from the respective educational institution.  The company claims that it updates its curriculum every year, based on the industry requirements.

Bertelsmann’s education investments

Note that Bertelsmann & Kaizen had also invested Rs 22 crore into Authorgen Technologies that operates the online education platform WizIQ in January last year. WizIQ had introduced live classrooms on iOS and Android in December last year.

Advertisement. Scroll to continue reading.

Interestingly, Bertelsmann had also invested an undisclosed amount in the US-based online education provider Udacity last month and had acquired US-based online learning solutions provider Relias Learning last week to foray into e-learning segment.

Bertelsmann in India

Besides iNurture & Authorgen, BII has made couple direct investments in India. This includes online furniture and home decor marketplace Pepperfry.com that raised $15 million from BII and Norwest Venture partners in May this year and online real estate portal IndiaProperty that raised $12 million from BII, Canaan Partners and Mayfield Fund in December last year.

In June this year, Bertelsmann had also invested a ‘multi-million-dollar amount’ in the India-focused investment agency Digital Nirvana Fund, that focuses on investments in early-stage digital startups in the digital sector and is managed by the Indian venture capital Nirvana Venture Advisors.

Advertisement. Scroll to continue reading.
Written By

MediaNama’s mission is to help build a digital ecosystem which is open, fair, global and competitive.

Views

News

The US and other countries' retreat from a laissez-faire approach to regulating markets presents India with a rare opportunity.

News

When news that Walmart would soon accept cryptocurrency turned out to be fake, it also became a teachable moment.

News

The DSCI's guidelines are patient-centric and act as a data privacy roadmap for healthcare service providers.

News

In this excerpt from the book, the authors focus on personal data and autocracies. One in particular – Russia.  Autocracies always prioritize information control...

News

By Jai Vipra, Senior Resident Fellow at Vidhi Centre for Legal Policy The use of new technology, including facial recognition technology (FRT) by police...

You May Also Like

Advert

135 job openings in over 60 companies are listed at our free Digital and Mobile Job Board: If you’re looking for a job, or...

News

Rajesh Kumar* doesn’t have many enemies in life. But, Uber, for which he drives a cab everyday, is starting to look like one, he...

News

By Aroon Deep and Aditya Chunduru You’re reading it here first: Twitter has complied with government requests to censor 52 tweets that mostly criticised...

News

Google has released a Google Travel Trends Report which states that branded budget hotel search queries grew 179% year over year (YOY) in India, in...

MediaNama is the premier source of information and analysis on Technology Policy in India. More about MediaNama, and contact information, here.

© 2008-2021 Mixed Bag Media Pvt. Ltd. Developed By PixelVJ

Subscribe to our daily newsletter
Name:*
Your email address:*
*
Please enter all required fields Click to hide
Correct invalid entries Click to hide

© 2008-2021 Mixed Bag Media Pvt. Ltd. Developed By PixelVJ