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James Murdoch Firm Invests $600 Million In India’s Allen Career Institute

May 01, 2022•over 3 years ago

Amount Raised

$600 Million

Description

Bodhi Tree is taking a $600 million stake in Allen Career Institute as James Murdoch and former Disney executive Uday Shankar’s investment platform expands its bet on India’s growing edtech market, they said Sunday. The duo said their investment in the 33-year-old education brand, which operates 138 classroom centers in 46 cities in India and Middle East, is strategic in nature.

Company Information

Company

Allen Career Institute

About

We are excited to work with the Maheshwari family to build an outcomes-focused digital education company that delivers on the aspirations of millions of learners and parents in India and beyond.”The investment firm, unveiled in February this year, announced earlier this week that it had invested $1.78 billion in Mukesh Ambani-backed television network Viacom18.

FundzWatch™ Score

64
Medium Activity

Funding Insights

Based on industry data
Tech investment trends
83% of B2B companies plan digital investments, with 79% prioritizing customer experience tech