iNurture raises Rs 28 cr from Ventureast, others

New Delhi, Jan 31 (PTI) iNurture, a provider of formal higher education programmes in India, today said it has raised Rs 28 crore in funding, led by Ventureast.Existing investors Bertelsmann India Inv

Published: January 31, 2018 1:56 PM IST

By PTI Feeds

iNurture raises Rs 28 cr from Ventureast, others

New Delhi, Jan 31 (PTI) iNurture, a provider of formal higher education programmes in India, today said it has raised Rs 28 crore in funding, led by Ventureast.

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Existing investors Bertelsmann India Investments and Ascent Capital also participated in the Series C funding round.

iNurture will use the fresh funds to expand its e- learning platform for skill centres and distance learning, and to expand its managed campuses business, it said in a statement.

Bengaluru-based iNurture offers industry-relevant courses in association with universities/colleges across India. It has partnerships with more than 30 academic institutions and over 6,000 students are pursuing its programmes.

“The new funds will be used to strengthen and grow our unique e-learning platform. The company has benefited from continued commitment from existing investors, Ascent and Bertelsmann, and is poised well to strengthen its leadership position in the higher education segment,” iNurture founder and Managing Director Ashwin Ajila said.

Prior to this round, the company had raised funds from Bertelsmann, Ascent Capital, BlackSoil Capital and GVFL Ltd.

This is published unedited from the PTI feed.

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Published Date: January 31, 2018 1:56 PM IST