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Saturday, May 25, 2024

HCL finances the edtech startup Ei with Rs 166 crore


<p>The HCL Group has acquired a share in Educational Initiatives (Ei), a provider of educational software, for a total of Rs 166 crore. This pertains to the selling of secondary stakes.</p>
<p><img decoding=”async” class=”alignnone wp-image-478420″ src=”https://www.theindiaprint.com/wp-content/uploads/2024/03/theindiaprint.com-hcl-finances-the-edtech-startup-ei-with-rs-166-crore-newindianexpress-2024-02-8e51-750×500.jpg” alt=”theindiaprint.com hcl finances the edtech startup ei with rs 166 crore newindianexpress 2024 02 8e51″ width=”976″ height=”652″ title=”HCL finances the edtech startup Ei with Rs 166 crore 9″ srcset=”https://www.theindiaprint.com/wp-content/uploads/2024/03/theindiaprint.com-hcl-finances-the-edtech-startup-ei-with-rs-166-crore-newindianexpress-2024-02-8e51-750×500.jpg 750w, https://www.theindiaprint.com/wp-content/uploads/2024/03/theindiaprint.com-hcl-finances-the-edtech-startup-ei-with-rs-166-crore-newindianexpress-2024-02-8e51-1024×683.jpg 1024w, https://www.theindiaprint.com/wp-content/uploads/2024/03/theindiaprint.com-hcl-finances-the-edtech-startup-ei-with-rs-166-crore-newindianexpress-2024-02-8e51-768×512.jpg 768w, https://www.theindiaprint.com/wp-content/uploads/2024/03/theindiaprint.com-hcl-finances-the-edtech-startup-ei-with-rs-166-crore-newindianexpress-2024-02-8e51.jpg 1200w” sizes=”(max-width: 976px) 100vw, 976px” /></p>
<p>“We are pleased to contribute to Ei. According to Shikhar Malhotra, director of HCL Group, “the organization offers a distinctive blend of scalable technology, impactful social initiatives, and sustainable growth.”</p>
<p>Established in 2001, Ei provides customized adaptive learning solutions and evaluations supported by research to educational institutions. Aside from India, it is available in the United Arab Emirates, South Africa, and Singapore, with more than a million paying subscribers. It also intends to grow much more.</p>
<p>According to Pranav Kothari, CEO of Ei, “we have proven our ability to improve learning outcomes and empower school teachers to achieve their intent of every child learning well regardless of their parent income.”</p>


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