S Chand and Company Limited and its subsidiaries have agreed to acquire a minority investment in AtoZLearn Edutech Private Limited. Other investors in the round include the Mukesh Sharma Family Trust, Inflection Point Ventures (IPV), Firstport Capital, Keiretsu Forum, and Directors of S Chand and Key Managerial Personnel of S Chand.
One of the top providers of educational information, S. Chand and Company serves the entire nation with its offerings. The company operates in three business segments: Early Learning, K–12, and Higher Education, offering content, solutions, and services throughout the whole education lifecycle. The company is well-established in state board-associated schools across India as well as schools affiliated with the CBSE/ICSE and WBSE.
Chandraprakash Joshi, Arunima Sinha, and Sandeep Singh started ixamBee (AToZLearn Edutech Private Limited) in Delhi NCR in December 2016. A superior ‘ixamBee Learning Experience (iLX)’ developed by ixamBee has helped small town students prepare for job-related tests with an emphasis on government positions and speeds up their exam preparation by 50%.
We are thrilled to join ixamBee in its mission to close the employment gap between higher education and employability by preparing students for jobs in both the public and private sectors. The S Chand vision of quality and affordable education opportunities is aligned with the focus on delivering quality and inexpensive education to kids in semi-urban and rural areas so that their aspirations and dreams can become a reality. According to Himanshu Gupta, Managing Director of S Chand Group, “We find many synergies with ixamBee on quality content development, marketing, and addressing the aspirations of the country’s future labour force.
“The majority of our users are from Tier 2 or Tier 3 communities, where there is a lack of access to good education and appropriate counsel. We have more than 12 million students under our reach as we develop a freemium business model. On the ixamBee platform, 1.8 million students have answered 730 million questions. As they bring several synergies for company growth, we are thrilled to have S Chand Group, Mukesh Sharma Family Trust, and IPV as investors in ixamBee. As one of India’s top providers of educational content, the S Chand Group’s participation will multiply ixamBee Learning Experience’s (iLX) reach, and IPV’s network will be useful in collaborating with businesses to place students in the private sector, according to Chandraprakash Joshi, ixamBee CEO.
