Growth Capital • Education

Gaja Capital and HCL Technologies Invest In Educational Initiatives

On July 27, 2018, private equity firm Gaja Capital and HCL Technologies invested in education company Educational Initiatives

Investment Context
  • This is Gaja Capital’s 5th and HCL Technologies’ 1st transaction in the Education sector.
  • This is Gaja Capital’s 16th and HCL Technologies’ 3rd transaction in India.

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Investment Summary

Date July 27, 2018
Target Educational Initiatives
Sector Education
Investor(s) Gaja Capital
HCL Technologies
Deal Type Growth Capital

Target Company

Educational Initiatives

Bangalore, India
Educational Initiatives is a provider of assessments and adaptive learning solutions company that strongly believes in making a difference in education through personalized learning and ensuring that students learn with understanding. Educational Initiatives was founded in 2001 and is based in Bangalore, India.
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Investors Overview 2

Investor

Gaja Capital

Mumbai, India

Investor Investor Investor Investor Investor


Category Private Equity Firm
Founded 2004
Size Small
Type Sector Agnostic
DESCRIPTION

Gaja Capital Partners is an independent private equity firm focused on mid-market investment opportunities in India. Gaja looks to act as a minority investor in buy-outs, turnarounds and pre-IPO situations, with a general strategy of using investment capital to fund growth. The firms invests in the range up to $1 billion per transaction. Gaja is a generalist firm that will consider investments across many sectors inclding education, financial Services, IT, pharmaceuticals and telecommunications. Gaja Capital Partners was formed in 2004 and is located in Mumbai.


Deal Context for Investor #
Overall 16 of 21
Sector: Education 5 of 5
Type: Growth Capital 4 of 4
Country: India 16 of 20
Year: 2018 1 of 2
PREVIOUS DEAL
DATE TARGET DEAL TYPE VALUE
2017-12-14 Massive Restaurants

Gurgaon, India

Massive Restaurants is an innovative F&B products company serving premium experience with a portfolio of successful market leading brands like Masala Library, Farzi Cafe, Pa Pa Ya, Kode. Massive Restaurants was founded in 2012 and is based in Gurgaon, India.

Buy -
FOLLOWING DEAL
DATE TARGET DEAL TYPE VALUE
2018-10-04 SportzVillage

Bengaluru, India

SportzVillage is providing integrated sports management services to schools, corporates, and leagues. SportzVillage was founded in 2003 and is based in Bengaluru, India.

Buy -
Investor

HCL Technologies

Noida, India

Category Company
Founded 1976
Sector Information Technology
Employees222,270
Revenue 1.17T INR (2025)
DESCRIPTION

HCL Technologies is an IT services company. The Company’s services portfolio includes application development and maintenance, package implementation services, engineering and R&D services, infrastructure management services and business process outsourcing services. It has a large active client base across banking, financial services and insurance, manufacturing, telecom, retail, media and healthcare verticals. HCL Technologies was founded in 1976 and is based in Noida, Uttar Pradesh.


Deal Context for Investor #
Overall 15 of 23
Sector: Education 1 of 1
Type: Growth Capital 1 of 1
Country: India 3 of 4
Year: 2018 3 of 4
PREVIOUS DEAL
DATE TARGET DEAL TYPE VALUE
2018-04-12 Actian

Santa Clara, California, United States

Actian is a hybrid data management, cloud integration, and analytics solutions–powers insight-driven enterprises around the globe to help them solve the toughest data challenges. Actian was founded in 1980 and is based in Santa Clara, California.

Buy -
FOLLOWING DEAL
DATE TARGET DEAL TYPE VALUE
2018-12-06 International Business Machines - Software Products

Armonk, New York, United States

International Business Machines Corp. - Software Products in scope represent a total addressable market of more than $50 billion and includes, Appscan for secure application development, BigFix for secure device management, Unica (on-premise) for marketing automation, Commerce (on-premise) for omni-channel eCommerce, Portal (on-premise) for digital experience, Notes & Domino for email and low-code rapid application development, and Connections for workstream collaboration.

Buy $1.8B

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