Founding Years Learning Solutions based in Bangalore raised a funding of $16 million in its Series B round from Peepul Capital.
It runs Klay Schools preparatory school and day care centres. It is operational in Delhi-NCR, Bengaluru, Hyderabad and Mumbai.
Its existing investor Kaizen Private Equity also participated in this round which invested $6 million in 2913. Klay School works with companies including Genpact, Johnson & Johnson, and Unilever to run their near site day care centre sand on-site day care centres under the brand name- The Little Company.
Priya Krishnan, CEO of Founding Years said
“We will be increasing the number of centres to 200, entering new cities Pune and Chennai. We are also looking at entering Dubai and will be entering Singapore or Hong Kong market through an acquisition.”
Surya Mantha, investment director at Peepul Capital said
“Klay Schools is well poised to ride the fast-growing demand for day-care services in urban India. It has won the confidence of parents and corporates alike which is reflected in its position as a premium day-care player.”