HCL Group acquires minority stake in B2B education software firm Educational Initiatives for ₹166 crore.
HCL Group invested ₹166 crore to acquire a minority stake in B2B education software firm Educational Initiatives (Ei), which provides schools with research-backed assessments and personalised adaptive learning solutions. Ei has a presence in India, UAE, South Africa, and Singapore, and serves over a million paid users. The investment marks HCL Group's foray into the education sector.
March 05, 2024
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