James Murdoch Firm Invests $600 Million In India’s Allen Career Institute
05/01/22, 12:49 PM
Money raised
$600 million
Bodhi Tree is taking a $600 million stake in Allen Career Institute as James Murdoch and former Disney executive Uday Shankar’s investment platform expands its bet on India’s growing edtech market, they said Sunday. The duo said their investment in the 33-year-old education brand, which operates 138 classroom centers in 46 cities in India and Middle East, is strategic in nature.
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Additional Info
We are excited to work with the Maheshwari family to build an outcomes-focused digital education company that delivers on the aspirations of millions of learners and parents in India and beyond.”The investment firm, unveiled in February this year, announced earlier this week that it had invested $1.78 billion in Mukesh Ambani-backed television network Viacom18.