Led · Series B · Apr 2023

Founded in 2015, MindX builds educational centers and hybrid courses to teach coding and in-demand digital skills such as blockchain, data analytics and UI/UX design. The company operates 32 campuses across Vietnam and has graduated 35,000 students to date. MindX offers courses ranging from two months to six years, runs entrepreneurial and career-preparation programming, and claims more than 300 hiring partners to connect graduates with employers. Its hybrid model combines online instruction with in-person tutorials and has helped it expand into Tier 2 and Tier 3 cities where students previously learned virtually. MindX customizes offerings by spending months engaging with families in new locations and prioritizes standalone campuses to maintain curriculum and teaching quality. The company plans to expand to 45 cities by June and will use new funding to develop its product portfolio, hybrid model, tech tools, accredited programs, and scholarships to promote gender equality. MindX operates an online/offline education platform and 13 physical locations in Vietnam that offer multi-year coding and tech programs for students from kindergarten through university. The company was created as a non-profit in 2015 by Tung Nguyen and Ha Nguyen and later became a for-profit business. MindX partners with about 200 tech companies across Vietnam, Singapore, Japan and other countries to place graduates; it reports 100% hiring rates in Vietnam and 55% in Singapore, and alumni have gone on to roles at Google, Amazon and Shopee. The startup says it has been profitable for the last six years and saw 1,000% year-on-year growth in online enrollment as of September 2021. With the new funding, MindX plans to expand its online platform, produce more educational content, grow into Tier 2 and 3 cities and rural provinces, build a network of hiring partners, introduce income-share agreements by year-end, and apply blockchain to automate alumni–employer relationships.

Participated · Series B · Mar 2022

Founded in 2017 by Akshay Chaturvedi, Leverage Edu helps students secure overseas admissions and provides related services such as education financing, visa assistance, and test preparation. The startup has expanded its presence across major study-abroad destinations including the UK, the US, Canada, and Australia. In FY26 the company reported revenue of Rs 375 crore, a 112% year-on-year increase from Rs 173 crore, and said it had turned EBITDA-positive. Leverage Edu claims a global customer base of over 175,000 users. The company plans to use fresh capital to accelerate international expansion and to grow its financial services and AI-led counselling and admissions offerings. It has signalled ambitions for a future IPO targeting a Rs 2,000–3,000 crore public issue.

Participated · Series D · Jul 2020

Toppr operates a suite of K-12 learning products centered on its Learning app, which offers live classes, pre-recorded lessons, tests, and partial free access behind a membership. The company also runs a photo-based problem-solving app that uses character recognition and machine learning, launched a coding product called Codr last month, and is rolling out School OS to help schools digitize instruction. Toppr’s Learning app has over 13 million users and more than 150,000 paying subscribers; subscription tiers range from 1,000 to 3,000 INR, and a Codr session costs about $9.35. The startup hosts over 1 million sessions per day and cites a community of 50,000+ educators who have contributed over 3.5 million learning pieces. School OS is live in more than 40 schools covering roughly 60,000 students, with the company targeting 300,000 students on the platform in the coming months. Toppr says it will continue scaling products, invest modestly in marketing, and is open to M&A for the right fit; Zishaan Hayath is CEO of the seven-year-old, Mumbai-based company. Toppr Technologies, founded in 2013 by Zishaan Hayath and Hemanth Goteti, operates the Toppr app delivering learning programs for students in classes 5–12. The platform provides questions, solutions, concepts, practice tests and videos, and includes test-preparation for major engineering and medical entrance exams. Toppr is backed by SAIF Partners, Eight Roads and Helion Venture Partners. The company has raised $7 million in its most-recent funding round announced in October last year, and has raised $12 million in total to date. Alteria Capital cited Toppr’s strong consistent growth over the last two to three years and product strength when announcing its investment. The article positions Toppr as seeking to establish a leadership position in the Indian edtech space in the medium term. Toppr is an India-based online platform that helps students prepare for entrance tests and board exams. The company offers test-preparation content and services delivered through its online platform. In the last week of September, Toppr raised $2 million in venture-debt from InnoVen Capital. The financing was provided as venture-debt rather than an equity round. The article did not disclose operating metrics, future plans, or additional financial details. Toppr.com is a Mumbai-based online platform that helps students prepare for engineering and medical entrance exams, including the Indian Institutes of Technology. Its product supplements offline tutoring and uses adaptive learning technology to customize teaching materials to each student's needs. The platform provides a goal-based approach and analytics such as time spent per question versus optimal time to help students improve. Toppr aims to make test prep more affordable and scalable across India and says it already has 170,000 students on its platform, targeting five million users by 2017. The company acquired rival EasyPrep and is pursuing additional acquisitions as part of its growth strategy. Founded in 2013, Toppr positions itself against competitors like Embibe and is also used by offline coaching institutes to analyze student performance.

Participated · Series C · Apr 2018

Varthana Finance operates as an NBFC dedicated to the affordable education sector, underwriting loans that help low- and middle-fee private schools improve facilities, purchase assets, and expand capacity. The firm’s core offering is long-term, tailored financing that enables schools—especially those in peri-urban and rural areas—to invest in classrooms, technology, and critical water, sanitation, and hygiene (WASH) infrastructure. By targeting this underserved segment, Varthana aims to raise overall learning standards and attendance, with a particular emphasis on improving outcomes for girls. International impact investors have consistently backed the model for its blend of social returns and prudent lending practices. In its latest transaction, the company secured about USD 16.5 million in debt, underscoring healthy lender confidence and giving Varthana fresh capacity to grow its loan book. Management believes the added capital will translate into safer, healthier learning environments and support millions of students nationwide. Although the company keeps its operating metrics private, the scale of its recent raise indicates continued momentum in both reach and balance-sheet strength.