Ed-tech firm Veranda Learning Solutions Ltd. is planning to raise Rs. 200 crore through an Initial Public Offering (IPO) to finance acquisition, reduce debt and fuel growth initiatives.
The firm is seeking to grow its ‘pandemic-proof’ learning model for students and corporate training in terms of content digitisation and campus-in-campus training through multiple acquisitions.
It operated 23 Preferred Delivery Centres (PDCs) across 23 cities and in two States as of Q3FY22. It is planning regional expansion and geographical expansion through PDCs in Hyderabad, Bengaluru and Gurugram, Kolkata and Mumbai, its promoter said.
Kalpathi Suresh, chairman and executive director said the firm was seeking strategic acquisitions and evaluating targets for brand or business acquisitions in areas such as CA, PSC, MBA, Engineering, Medical and other skilling courses.
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