EdTech platform iNurture raises $15 Mn from ADM Capital in debt and equity combination

EdTech platform iNurture Education Solutions has raised $15 Mn in a combination of debt and equity from  ADM Capital, an investment firm with a focus on financing growth, cross border transactions, acquisitions and special opportunities across the Asia Pacific region.  As part of this transaction, ADM Capital has also acquired Ventureast's stake in iNurture, facilitating a complete secondary exit.  

According to the official statement, the startup is going to invest these funds to initiate the growth of its NEP-ready (National Education Policy 2020) programmes, expanding its one-of-a-kind Centres of Excellence model across university partners in India and further enhancing its technology stack for student placement. 

Commenting on the latest round of funding, Founder and Managing Director of iNurture, Mr Ashwin Ajila said,“Having established a profitable growth trajectory, our efforts in the last few years have been to strengthen our offerings in the online space, especially focused on student employability, through a robust technology infrastructure and effective academic constructs as well as powering the Smart University model through the implementation of Centres of Excellence across our University partner network.” 

He further added that Ventureast has been an exceptional partner to iNurture over the years and given that they wanted to distribute meaningful returns to their limited partners within the fund's life. iNurture has facilitated a successful exit for them.

With the ongoing disruption in the higher education space, iNurture is in pole position to take advantage of this great opportunity to accelerate growth, and further strengthen its global education network.