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S Chand to acquire minority stake in Al/Data Sciences focussed Ed Tech Startup - iNeuron Intelligence

The co-Investor Mr. Mukesh Sharma is a serial entrepreneur and educationist who has founded multiple companies including QA Info Tech (now a Qualitest company), one of the leading software testing and quality assurance companies.

December 02, 2021 4:00 IST | India Infoline News Service
S Chand And Company Limited ("S Chand") along with its subsidiaries has agreed to acquire a minority stake in iNeuron Intelligence Private Limited. The round also includes investments from Mukesh Sharma Family Trust, Directors of S Chand, Key Managerial Personnel of S Chand and others.

The co-Investor Mr. Mukesh Sharma is a serial entrepreneur and educationist who has founded multiple companies including QA Info Tech (now a Qualitest company), one of the leading software testing and quality assurance companies.

His latest endeavour in the field of education includes Prometheus School, a state-of-the-art education facility located in the heart of Noida which is an authorized 1B World School for Primary Years, Middle Years and Diploma Programmes.

The Investment Rationale for the investment is as follows-:

a. Addressable market opportunity is large. The online education space is exploding in a post covid world. The courses are for emerging technologies which will make the learners more employable now and in future.
b. Experienced team with a proven business model. The team is pedigreed and has done well to scale business to this level with minimum investments and has been profitable for the first two years of operation. There is no cash burn in the business.
c. The Company has a low customer acquisition cost (CAC) and investments in new courses/ team / marketing/ support and placements would increase enrolments.
d. Strategic collaboration with S Chand for B2B distribution in both Higher Education and School segment for emerging technologies.

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