Chennai-based education and placement company - EdServ Softsystems is looking to raise upto $35 million through a Global Depository Receipts (GDR) issue to fund its aggressive expansion plans. The company’s board has approved the opening of the GDR issue to raise not more than $35 million. The entire fund raising process is expected to be completed within the next fortnight.
The company has plans to expand its e-learning presence to overseas markets that includes School (K-12), CA, International Test Preps, IT Skill and personality training.
Edserv is world’s first 4th generation education company that uses technology to efficiently synchronize manpower demand and supply in number and skills right from development to deployment. It also provides academic support programmes in-campus through EdCademy brand.
