Educomp Solutions announced that it had signed an agreement with Kaizen Private Equity and Bertelsmann. This partnership will raise investment in its subsidiary Authorgen, an e-tutoring and online education company as well as enhance student learning through online tutoring.
Authorgen operates WizIQ.com, which is a web based platform for education service providers to teach live and online in an easy-to-use and free virtual classroom. Over 150,000 teachers and 2 million learners currently use Wiz IQ’s e-learning services.
Under the agreement, Kaizen PE and Bertelsmann will invest INR 220 million into Authorgen. The funds will be used for growth capital and further up scaling the usage of the website.
