Varsity

New Silk Route invests in Varsity Education

New Silk Route Partners, an Asia-focused private equity fund, said on Tuesday it picked a significant minority stake in educational support services provider Varsity Education Management Pvt Ltd for an undisclosed sum.

Portfolio Company News

PE firm New Silk Route Partners picks up stake in India's Varsity Education Management

New Delhi: Asia-focused private equity (PE) firm New Silk Route Partners LLC Tuesday said it has acquired a minority equity stake in India-based educational support services provider Varsity Education Management Pvt Ltd for an undisclosed sum.

Portfolio Company News

Varsity Education Management (P). Ltd.

Varsity Management focuses on providing services like curriculum development, teacher recruitment and continuous training, facilities management, transportation management, accounting and IT services, marketing, testing services, text books and uniforms, mess and canteen services etc. It has contracts with several trusts and school managements and provides services to over 300,000 students in the states of Karnataka, Andhra Pradesh, Maharashtra and Tamil Nadu. It provides services to over 150 K-10 schools and 200 Junior colleges. The company has a 10,000 strong employee base.

Company HQ: 
Hyderabad, Andhra Pradesh, India
Year of Investment: 
2011
Industry Sectors: 
Education

New Silk Route Invests in Varsity Education

New Silk Route Partners, an Asia-focused private equity fund, said on Tuesday it picked a significant minority stake in educational support services provider Varsity Education Management Pvt Ltd for an undisclosed sum.

Portfolio Company News