Dainik Jagran Bets On EdServ; Invests Rs 10Cr | VCCircle

The country’s top media houses are gung-ho about Chennai-based IT learning placement solutions firm EdServ. Joining previous investors HT Media and Bennett Coleman & Company is India’s third largest daily Dainik Jagran that has picked up a small stake in the company by way of conversion of warrants to the tune of Rs 10 crore.

The company is also developing a mobile edition of its e-learning services to enable more users to use them.

The company that acquired pre-school business of Sparkling Minds (founded by ex-Infoscians in 2007) in an all cash deal worth Rs 1.25 crore early this year has been in an acquisition spree. This transaction had followed acquisition of SchoolMATE (a school ERP) besides a letter of intent to acquire SmartLearn WebTV, an IIT JEE and AIEEE content company.

(Via Dainik Jagran Bets On EdServ; Invests Rs 10Cr | VCCircle)

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