Rise India buys majority stake in Padhopadhao.com
The acquisition will help the portal expand operations to cities such as Mumbai, Jaipur, Chennai, Chandigarh, Bangalore and Hyderabad.
Launched in 2014, Padhopadhao.com, is a rising education startup that ensures quality home tuition. It covers Delhi/NCR with 48,000 registered tutors, which have served more than 60,000 parents and students.
With no change in management, co-founders Hemant Garg and Akhilesh Kumar will continue to represent Padhaopdhao.com.
Ajay Chhangani, CEO, Rise India said,
“Padhopadhao.com is a much-needed effort to improve Home Tuition in India.” He further added, “Currently an unorganised sector, however, there is a lot of scope in the home tuitions industry. Our effort is to organise this industry in the next few years and through technology and innovative automatic tools, provide an integrated platform to make the entire process beneficial for students as well as for tutors.”
Rise India had said it plans to invest Rs 35 crore in education startups. Padhopadhao.com marks the fourth acquisition of the three-year-old firm. In 2012, it had acquired training firm ICFE for Rs 10 crore. It also has a joint venture with Coimbatore-based RVS Group.
Founded in 2012, Rise India specialises in providing their stakeholders; Entrepreneurs, individuals and Government, robust turn-key solutions which includes Finance, Corporate Training, Educational and Skill Development.
So far, it has accomplished skilling 1.5 lakh candidates across India, with a presence in over 10 states, 85 Skill development centers and smart classes in over 100 school campuses.