PRLog (Press Release) – Hyderabad, India –March 15, 2011: Sequoia Capital today announced an investment of Rs 25 crore in K12 Techno Services Pvt. Ltd. in their second round of funding. K12 manages over 70 affordable English-medium schools run by 15 different trusts under the Gowtham Model School brand.

K12 will utilize the funds for growth as well as modernization of classrooms to allow teachers and students to leverage superior technology infrastructure for improving learning outcomes. K12 has also partnered with best-in-class and global specialists, CfBT UK and Brilliant Tutorials for spoken English and IIT training.The investment will also be used forexpansion of the network by an additional 25 new schools across Andhra Pradesh.

K12 Techno Services is a pioneer in enabling high quality education at an affordable price point under the Gowtham Model School brand. The company’s services include curriculum development, infrastructure development, pre-school management, teacher training and marketing solutions to educational trusts. Schools managed by K12 are focused on holistic development of the students through technology enabled content delivery.The company plans to expand this business model to other states in the country.

Ravishankar GV, Managing Director, Sequoia Capital India said “K12 has been a pioneer with a capital efficient model addressing a large market opportunity. Our first round of investment in 2010 helped K12 establish the foundation for fast growth. Now, we are pleased to announce an additional investment of 25 crore to help K12 scale to the next level of growth.”

Venkatnarayana, Managing Director, K12 Techno Services, said, “Sequoia Capital’s continued support remains a crucial element in our growth strategy and is a recognition of the pioneering efforts we have made in providing high quality education under the Gowtham Model School brand. This investment will be a strong facilitator for our rapid growth and expansion as we continue to focus on-providing high-quality education at an affordable price.”

Earlier, Sequoia Capital along with SONG Investment Advisors–had funded the first round of investment in K12. SONG – funded and owned by the Soros Economic Development Fund – focuses on education as one of their key focus areas in India. This is Sequoia Capital’s third investment in India’s education sector.