K-12 Techno Pockets $40 Mn From Kenro Capital

Edtech platform K-12 Techno Services Private Limited (K-12 Techno) has raised $40 Mn (INR 339 Cr) in a funding from Kenro Capital, a secondaries-focussed venture capital (VC) firm floated by Peak XV Partners’ former executive Piyush Gupta.

Kenro has also picked up a minority stake in K-12 Techno through a mix of primary and secondary funding.

With this investment, the VC firm aims to support the company’s vision of delivering high-quality, holistic education services to students and schools across India, driven by the power of technology.

Founded in 2010 by Jai Decosta and Maguluri Srikanth, K-12 Techno operates the chain of Orchids International Schools across India. Besides, the company offers full-stack solutions to educational institutions from curriculum and academic design to technology services, solutions for administrators and teachers as well as for education marketing. 

K-12 Techno claims to serve over 900 educational institutions and more than 350,000 students nationwide.

Piyush Gupta, founder and managing partner, Kenro Capital, said, “The demand for quality education continues to soar, particularly in the private segment where CBSE curriculum-based schools lead the way. K12 Techno’s scale enables unparalleled advantages in multiple areas of student engagement, teacher recruitment, infrastructure, and cutting-edge IT and curriculum development, distinguish it from standalone education institutions.”

Jai Decosta, CEO at K12 Techno, said, “Our mission is to nurture not just academic achievers but also empathetic and capable individuals poised to create a better future. We believe the integration of technology with learning models tailored for India will enable us to scale holistic education while enhancing learning outcomes.”

Kenro Capital is a recently launched venture capital firm focused on growth-stage secondary transactions in India and Southeast Asia. Founded by Gupta, the firm aims to acquire minority stakes in companies across diverse sectors.

The Singapore-based firm targets businesses that are profitable or nearing profitability, have achieved significant revenue scale, and are preparing for an IPO within 2-3 years. Kenro plans to invest $20 Mn to $30 Mn per deal, with a primary focus on the Indian market. Additionally, the firm offers founders and investee companies strategic insights and support for IPOs and mergers and acquisitions.