Kalpathi Group enters ed-tech space with Rs 50 cr investment in new venture

The Rs 4,000 crore Kalpathi Group has entered the $1.96 billion ed-tech space by launching Veranda Learning Solution with an initial investment of around Rs 50 crore.

The 25-year old Group, which was started by Suresh Kalpathi with his two brothers, has business interests in education, software services, property development, finance, and entertainment. The Group also runs a VC fund called Kalpathi Investments. It started SSI and went on to become the first Indian IT company to be listed on the London Stock Exchange. It also acquired Aptech.

Veranda will offer training programmes in test preparation for all competitive exams in India and abroad, including IIT JEE, NEET, GRE/TOEFL/IELTS/GMAT, IAS, State PSC, Banking/Staff Selection/RRB, CA/ACS related exams, Medical, K-12, NTSE and Olympiads. Veranda will also offer courses in software development namely databases, languages, development tools, cloud/analytics/big data/AI/ML platform.