Ennovent Impact Investment Holding, Opes Impact Fund and Sadeesh Raghavan – all members of Ennovent Circle – closed a pre-series A investment round in Hyderabad based education enterprise Sudiksha Knowledge Solutions today. This investment was undertaken along with Pearson Affordable Learning Fund, First Light Ventures, Eleos Foundation and Village Capital.
According to India’s 2011 census data, India has approximately 99 million children between the ages of 3 – 6 years. While the government runs ‘anganwadis’ to provide pre-school education to over 35 million children beneficiaries, most of these lack basic infrastructure and have severe manpower issues resulting in only 31% of children attending these Centre’s regularly. Private organisations in the pre-school segment are largely un-affordable for low-income communities with fees ranging anywhere between INR 24,000 and 150,000 annually.
Founded by Hyderabad based Naveen Kumar and Nimisha Mittal in 2011, Sudiksha Knowledge Systems aims to provides affordable early childhood education by setting up low-cost preschool Centre’s in low-income urban and semi-urban regions.
Sudiksha currently operates 21 pre-school Centre’s impacting approximately 700 children in Andhra Pradesh. They provide high quality urban learning opportunities for preschool-age children through low-cost program and resource design, including train-the-trainer model for development of teaching aids and activity-based learning. For their work, Sudiksha has won several awards including ISB’s iDiya Challenge and been a part of the Unreasonable Institute
With this investment, Sudiksha aims to pilot a franchisee model, which will allow the enterprise to rapidly scale operations nationally, develop new day care services in addition to the schools and grow its senior management team.