K12 Techno Services Private Limited (“K12 Techno”), a leading education and technology services provider in India, today announced an investment from Kenro Capital, a recently launched, India and Southeast Asia focused Growth-stage Secondaries firm. This is Kenro Capitals’ first-ever investment of circa $40 million for a minority stake in K12 Techno, through a combination of primary and secondary investment. Through this investment, Kenro Capital aims to support the Company's vision of delivering high-quality, holistic education services to students and schools across India, driven by the power of technology.

K12 Techno offers comprehensive solutions encompassing education, content, and technology to over 900 educational institutions nationwide. The company serves more than 350,000 students, demonstrating its extensive market presence and operational scale.

Piyush Gupta, Founder and Managing Partner, Kenro Capital "India's education sector is poised for transformative growth, driven by strong demographic trends with 265 million school-going children and 24 million new births in 2023. The demand for quality education continues to soar, particularly in the private segment where CBSE curriculum-based schools lead the way. K12 Techno’s scale enables unparalleled advantages in multiple areas of student engagement, teacher recruitment, infrastructure, and cutting-edge IT and curriculum development, distinguish it from standalone education institutions. Moreover, its operational expertise in managing students, class schedules, advanced labs, extracurricular programs, and a whole range of academic and data parameters create a formidable competitive moat. K12 Techno aligns well with Kenro’s strategy of investing in growth-stage companies with significant revenue scale and profitability, primarily through secondary transactions.”

Jai Decosta, CEO, K12 Techno Services said, “We are thrilled to partner with Kenro Capital, as Piyush and Norbert bring invaluable expertise in preparing companies for public markets and in assessing and executing acquisitions. Their agility in executing this investment demonstrates their alignment with our vision, making them ideal partners at this pivotal stage of our growth journey. Our mission is to nurture not just academic achievers but also empathetic and capable individuals poised to create a better future. We believe the integration of technology with learning models tailored for India will enable us to scale holistic education while enhancing learning outcomes.”

Norbert Fernandes, Partner at Kenro Capital, commented, "Parents are increasingly prioritizing holistic development, which aligns seamlessly with K12's focus on academic rigor, extracurricular activities, and affordability, positioning it as a leader in the Indian education space. Our investment includes acquiring a partial stake from a major existing shareholder, employee ESOPs, and a small primary capital infusion to support the company’s growth. We are excited to partner with K12 Techno Services on this transformative journey of delivering high-quality education in India."

Kenro Capital will collaborate closely with the company’s professional leadership team, led by CEO Jai Decosta, as well as existing shareholders, to enhance its tech-driven approach to world-class holistic education services