Neev Knowledge Management, the India-based operator of online educational course provider EduPristine has received $10m in funding from investors including US-based education provider DeVry, LiveMint reported on Tuesday.
DeVry, which runs a network of for-profit educational institutions, invested alongside private equity fund Kaizen Management Advisors. Venture capital firm Accel Partners, which had invested $1.5m in EduPristine between 2011 and 2013, exited as part of the round.
Founded in 2007, EduPristine provides international certifications in finance, accounting, digital marketing and analytics. It intends to use the funding to expand its range of courses, improve its technology and grow its Indian presence to 15 cities.
EduPristine co-founder Atul Kumar told LiveMint: “Going forward we will be adding more courses in the category of big data analytics and also introduce courses in the healthcare category.
“Having DeVry Inc gives us access to a network of systems, process and resources that will help us grow well. We are also looking to acquire companies offering similar services to improve growth.”