Bengaluru-based Klay Schools has raised $16 million (107 crore) in a Series-B round led by Peepul Capital..Existing investor Kaizen Private Equity, which had invested $6 million in the chain in 2013, also participated in the round, which saw the exit of early-stage investor Value and Budget Housing, reported ET..AZB & Partners acted for Peepul Capital with a team led by Bangalore Partner Srinath Dasari along with Senior Associate Ranjith Kumar..Trilegal advised Kaizen Private Equity and the team was led by Partner Yogesh Bhattarai..The funds will be used to increase the number of centres to 200, entering new cities Pune and Chennai.
Bengaluru-based Klay Schools has raised $16 million (107 crore) in a Series-B round led by Peepul Capital..Existing investor Kaizen Private Equity, which had invested $6 million in the chain in 2013, also participated in the round, which saw the exit of early-stage investor Value and Budget Housing, reported ET..AZB & Partners acted for Peepul Capital with a team led by Bangalore Partner Srinath Dasari along with Senior Associate Ranjith Kumar..Trilegal advised Kaizen Private Equity and the team was led by Partner Yogesh Bhattarai..The funds will be used to increase the number of centres to 200, entering new cities Pune and Chennai.
