S Chand and Company has sold its entire stake (i.e. 6.05% on fully diluted basis) in the AI/Data Sciences focussed Ed Tech platform iNeuron Intelligence to Physicswallah for a consideration of around Rs 14 crore. In addition, the Company’s co-investors, Mukesh Sharma Family Trust would also be exiting their investment in iNeuron Intelligence.
With a return of over 2x on the original investment of around Rs 7 crore in December 2021, this is the second recent exit for S Chand and Company from its various Edtech Investments on back of the recently concluded exit in Testbook with an around 8x return on investment in July, 2022.
S Chand along with its wholly owned subsidiaries Vikas Publishing and Chhaya Prakashani had acquired a minority stake in iNeuron Intelligence Private in December 2021 in two tranches; it completed its second tranche of investment in September 2022. Both the companies have agreed to collaborate and worked together on university collaborations.
S Chand And Company is a leading Indian education content company in terms of revenue from operations in Fiscal 2016. It delivers content, solutions and services across the education lifecycle through its K-12, higher education and early learning segments.
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| Navneet Education | 157.80 |
| Jagran Prakashan | 67.00 |
| HT Media | 23.96 |
| Hindustan Media Vent | 68.84 |
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