Tuesday, June 6, 2023

Edtech firm iNurture Education Solutions Tuesday said it has raised $15 million (around Rs 116 crore) in a combination of debt and equity from Hong Kong-based ADM Capital. 

ADM Capital has also acquired venture capital firm Ventureast’s stake in iNurture, facilitating a complete secondary exit for Ventureast, but did not share any further details on the exit. 

The Bengaluru-based startup plans to deploy the fresh capital for propelling the growth of its NEP-ready (National Education Policy 2020) programmes, expanding its ‘Centres of Excellence’ model across university partners in India and further enhancing its technology stack for student placement.