Allen Career Institute is a 33-year-old education brand headquartered in Kota that operates 138 classroom centers in 46 cities across India and the Middle East. The firm prepares students for competitive exams including IIT JEE Mains & Advanced, NEET-UG, KVPY and the Olympiads and is one of India's largest coaching institutes. Allen says it will work with Bodhi Tree to broaden its test-prep offering and deliver at-scale positive impact for millions of students in test-prep and K12 segments, using technology as the core driver of value. The partnership is described as strategic and aims to build an outcomes-focused digital education company to increase reach and efficacy. The deal values Allen at over $1 billion, according to a person familiar with the matter. Competitors and market context include Aakash (acquired by Byju's for nearly $1 billion) and prior acquisition interest from Unacademy.

Total raised

$600M

Funding rounds

1

Latest round

Equity

Latest activity

May 2022