HLC’s vision to provide high-quality education to small towns and rural communities
Singapore-based XSEED Education Pte Ltd has taken a minority stake of an undisclosed size in Hippocampus Learning Centres (HLC), an impact focused education organization that aims to address the growing demand for quality education in India.
Bangalore-based Hippocampus has built over 200 early learning pre-schools, operates 16 K-10 schools and provided more than 150,000 student-years of learning.
“XSEED’s mission of transforming the quality of education globally resonates well with Hippocampus’ vision to provide high-quality education to small towns and rural communities in India,” HLC Co-founder and Chief Executive Umesh Malhotra said in a release on 5 July 2021.
“We are really happy that we have a partner that aligns with our values and together with XSEED we can provide a better solution to our customers.”
Ashish Rajpal, Founder and CEO of XSEED Education, added, “We have always known that Umesh and his team are doing something very special and impactful.
“Our visit to their school in Hassan last year gave us a very tangible conviction. The unique Hippocampus identity and culture really shines through. Their systems for the management of quality schools in challenging environments is what is needed in many places,” he said.
Hippocampus is XSEED’s third investment in the education and edtech space in recent years. It previously acquired Pleolabs (2016) and Report Bee (2018). #education #investment #banking /fiinews.com
