Hotline: 1800 102 2007
X
Search Business Opportunities
Jul, 12 2018

Education services firm NSPIRA raises $75 mn from Morgan Stanley PE, BanyanTree

NSPIRA joins ed-tech startup Byju’s and Manipal Global Education in a select band of education firms to strike big-ticket deals.

NSPIRA Management Services Pvt. Ltd, which offers services in the education sector, has raised $75 million (around Rs 515 crore) from Morgan Stanley’s private equity arm and mid-market PE firm BanyanTree Capital.

VCCircle was the first to report last month that Morgan Stanley had roped in BanyanTree as a co-investor to ink what would rank among the biggest deals in the country’s education sector.

In a statement, NSPIRA said that a fund managed by Morgan Stanley Private Equity Asia (MSPEA) had pumped in around $67 million as primary capital for an unspecified minority stake in the company.

NSPIRA said it would use the fresh capital to fund both its organic and inorganic growth plans.

“We will be deploying the funds to scale our business geographically, increase our client base, develop cutting edge education products, modernise our facilities and scale up our digital business,” said NSPIRA’s managing director Puneet Kothapa. 

Anand Rathi acted as the sole financial advisor to NSPIRA on this transaction.

NSPIRA joins ed-tech startup Byju’s and Manipal Global Education in a select band of education firms to strike big-ticket deals. Byju’s has raised more than $200 million in total from external investors, with its $75 million round in 2016 from Sequoia Capital and Belgium’s Sofina being the largest.

Manipal Global Education had raised $142 million from PremjiInvest, the family office of Wipro Ltd chairman Azim Premji, in 2014, according to VCCEdge, the research arm of NewsCorp VCCircle.

Comment
Related opportunities
  • About Us: Conceptualized to disrupt the salon industry in india, Sooper..
    Locations looking for expansion Delhi
    Establishment year 2010
    Franchising Launch Date 2018
    Investment size Rs. 10lac - 20lac
    Space required 300
    Franchise Outlets -NA-
    Franchise Type Unit
    Headquater New delhi Delhi
  • Bike Reselling
    About Us: Introducing your very own secondhand two-wheeler destination. Now get rid..
    Locations looking for expansion Delhi
    Establishment year 2018
    Franchising Launch Date 2018
    Investment size Rs. 10lac - 20lac
    Space required -NA-
    Franchise Outlets -NA-
    Franchise Type Unit
    Headquater New delhi Delhi
  • Quick Service Restaurants
    About Us: Café 2.o is café from Mumbai known for its..
    Locations looking for expansion Maharashtra
    Establishment year 2016
    Franchising Launch Date 2018
    Investment size Rs. 10lac - 20lac
    Space required 300
    Franchise Outlets -NA-
    Franchise Type Unit
    Headquater Mumbai Maharashtra
  • Aviation & Hospitality Training Institute
    About Us: Frankfinn has been growing at phenomenal speed since its..
    Locations looking for expansion Haryana
    Establishment year 1993
    Franchising Launch Date 2003
    Investment size Rs. 1 Cr. - 2 Cr
    Space required 4000
    Franchise Outlets -NA-
    Franchise Type Unit
    Headquater Gurgaon Haryana
Insta-Subscribe to
The Franchising World
Magazine
For hassle free instant subscription, just give your number and email id and our customer care agent will get in touch with you
OR Click here to Subscribe Online
Daily Updates
Submit your email address to receive the latest updates on news & host of opportunities