Manipal Education & Medical Group (MEMG) with Tutorvista.com launch their venture to provide end-to-end technology and management solutions for schools.
Manipal K-12 Education India Pvt Ltd a combined venture will manage and provide technology support to schools. The venture offers end-to-end management of schools, from Nursery to Class 12 alongwith ICT-based school learning solutions and tutorials. This includes government as well as private schools and would be based on the public-private partnership model of school management. “We will help entrepreneurs who want to start schools or schools that want to introduce technology in imparting education through the partnership,” said Dr Ranjan Pai, CEO, MEMG. The venture aims to achieve over the next five years 100 schools under its management. The programme is not only for private schools, but also for government schools. The current investment is Rs 20 crore and venture expects to be of Rs 40 crore over the next 2 years.
There is a proposal to have public-private partnership model running schools and this would be an opportunity for the venture to offer its services. The venture expects to be of Rs 40 crore over the next 2 years.