These 2 Peer-selected Start-ups Shared $150K Investment To Boost Low-cost Education
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Global education leader Pearson’s inaugural Set up by a small group of
Founded by a group of
As we reported earlier, the winners of this
Other start-ups that participated in the programme are
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Announcing the winners, Katelyn Donnelly, executive director of PALF, said, “These inspiring entrepreneurs are excellent examples of the innovations desperately needed to improve access to, and quality of,
“We’re incredibly proud of the hard-working teams in the 2013 India cohort,” said Ross Baird, executive director of Village Capital. “We’ve been excited to bring together the future leaders of the affordable education sector in India. We’re thrilled to welcome Experifun and Sudiksha to our portfolio, and to welcome the entire cohort into our alumni network of over 350 impact-oriented enterprises worldwide.”
PALF makes minority equity investments in for-profit companies operating in the affordable education services in Africa, Asia and Latin America. The fund was launched in July 2012 with $15 million of initial capital from Pearson. The fund aims to improve access to quality education for the poorest families in the world.
Village Capital has served over 350 ventures worldwide, building disruptive innovations in energy, environmental sustainability, agriculture, health and education. Till now, it has launched 22 programmes in seven countries and made 30 peer-selected investments. Participant enterprises have raised more than $40 million in follow-on funding.
Image: Pearson
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