Peak XV Partners has achieved a remarkable 12-fold return from its partial exit from K12 Techno Services after the company received a substantial ₹1,159 crore investment from European private equity firm Vitruvian Partners. According to reports from Mint, this deal catapults K12's valuation and highlights its rapid growth in India's booming education market. With this transaction, Vitruvian Partners has acquired a near 16% stake in the company through a mix of primary and secondary transactions.
As reported by Mint, Vitruvian Partners' investment arm Eko Tanno Pte Ltd infused ₹150 crore as primary capital to fund the company's expansion plans, while the remaining amount was used to purchase shares from existing investors, including Peak XV Partners. The deal values the company at a post-money valuation of ₹7,100-7,250 crore, marking a sharp jump from its previous funding round that valued it at ₹4,721.2 crore. Vitruvian, Peak XV and K12 Techno declined to comment on the transaction details.
According to Mint reports, Sequoia Capital India, now known as Peak XV Partners, had infused about ₹60 crore in 2010, making it one of the first investors in the company and had doubled down over the years. Since 2023, the investment firm has shed its stake through a series of secondary transactions, culminating in this major exit. Mint first reported in December last year that the company was in talks with several private equity funds to raise about $150-200 million.
According to market research firm IMARC Group, India's school market was valued at ₹54.2 billion in 2024 and is expected to reach ₹135.6 billion by 2033, growing at a compound annual growth rate (CAGR) of 10.2% during 2025-2033. As reported by Mint, K12 Techno competes with Lead School, Classplus and other players in the education technology space. The company has expanded to more than 113 educational institutes across 17 major cities and plans to add 10-15 schools annually.
According to Mint reports, K12 Techno has demonstrated strong financial growth with operating income of ₹523.1 crore in FY26, up from ₹391.9 crore a year earlier. The company's losses also narrowed significantly to ₹24.9 crore from ₹57.7 crore in FY25. The company operates a diversified education platform spanning school management and early learning, with its flagship business being Orchids The International School and other verticals including SparkleBox and Let's Eduvate.
