LIVE TV
ZEE Business
ZEE BUSINESS
हिंदी में पढ़ें  हिंदी में पढ़ें
Live TV
Live TV
  • Home
  • Budget 2021
  • Personal Finance
    • PPF
    • Mutual Funds
    • Income tax
    • EPFO
    • Income Tax Calculator
    • Personal Loan Calculator
    • Car Loan Calculator
    • Home Loan Calculator
    • SIP calculator
    • SWP Calculator
    • MF Returns Calculator
    • Lumpsum Calculator
  • India
    • Companies
    • Property
    • Startups
    • Uidai
  • Economy
    • Aviation
  • Tech
    • Mobiles
    • Apps
  • Auto
    • Cars
    • Bikes
  • Markets
    • Commodities
    • Currency
  • Jobs
  • Indian Railways
  • World
    • Economy
    • Politics
    • Markets
  • videos
  • photos
  • Authors
  • More ...
    • VIDEOS
    • PHOTOS
Business News » Small Business News

Anand Mahindra, others invest Rs 4 crore in education startup NEST

An Indian tech startup and learning initiative, Naandi Education Support & Training (NEST) has raised Rs 4 crore in its latest round of funding.  

  • Twitter
  • Facebook
  • Linkedin
  • whatapp
Anand Mahindra, others invest Rs 4 crore in education startup NEST
The group owns and operates high quality learning centres for less privileged children under the brand name, Alphabyte- The Learning Centre. Image Source: NEST Press Release
Written By: ZeeBiz WebTeam
Updated: Wed, Sep 06, 2017
03:01 pm
Mumbai, ZeeBiz WebDesk
RELATED NEWS
After Neo Banking in 2020, 2021 belongs to Hybrid Banking? What is it? Its advantages? Demands of customers? All you need to know After Neo Banking in 2020, 2021 belongs to Hybrid Banking? What is it? Its advantages? Demands of customers? All you need to know
EXPLAINED: Here is how investors can add value to startups beyond the investments EXPLAINED: Here is how investors can add value to startups beyond the investments
How was the year 2020 amid Covid-19? Startups share opinions How was the year 2020 amid Covid-19? Startups share opinions
StartupLanes presents 10 most promising startups of December 2020 StartupLanes presents 10 most promising startups of December 2020
Ecosystem of startups is encouraging innovation, promoting young entrepreneurs: Piyush Goyal Ecosystem of startups is encouraging innovation, promoting young entrepreneurs: Piyush Goyal
Key Highlights
  • NEST is an educational support facility that operates Alphabyte - The Learning Centre.
  • The Michael & Susan Dell Foundation and Anand Mahindra, Chairman and Managing Director of the Mahindra Group are the current investors of the company.
  • Since 2006, NEST claimed that the Michael & Susan Dell Foundation has invested more than Rs 1,100 crores in non-profits and social enterprises.

Education centre, Naandi Education Support & Training (NEST) on Wednesday announced that it has raised Rs 4 crore from current investors in its latest round of funding.

“Naandi Education Support & Training (NEST), a technology-driven, social impact focused company, recently secured a follow on funding of  Rs 4 crore (approx. $ 600,000) from its current investors, the Michael & Susan Dell Foundation and Anand Mahindra, Chairman and Managing Director of the Mahindra Group,” the company said.

The group owns and operates high quality learning centres for less privileged children under the brand name, Alphabyte- The Learning Centre. It was founded in 1999.

Since 2006, NEST claimed that the Michael & Susan Dell Foundation has invested more than Rs 1,100 crores in non-profits and social enterprises in India.

“With a unique ‘Tech-N-Brick’ education model, Alphabyte aims to significantly raise education quality across urban India. At Alphabyte, technology is seamlessly used to fast track learning of every student through customised learning modules that are curated from the best knowledge providers and pedagogies across the globe. With this round of funding, NEST will be able to grow its outreach to a larger number of students and achieve its goal of educating 10,000 students by FY 2022,” the company said.

Anand Mahindra, Chairman and Managing Director of the Mahindra Group, while supporting NEST’s new initiative said, "I strongly believe that entrepreneurial efforts like NEST that combine technology and centre based coaching to aspiring children and youth is the best way to upgrade the human capital in our country today."

"We at NEST work towards building an empowered society by creating learning opportunities for different teaching-learning age groups, leveraging best possible Ed-Tech solutions globally. Continued support from our investors and their understanding of social challenges are definitely vital to our motivation and adds value to our operations.” said, Rahul Ranjan, CEO and Director of NEST.

Get Latest Business News, Stock Market Updates and Videos; Check your tax outgo through Income Tax Calculator and save money through our Personal Finance coverage. Check Business Breaking News Live on Zee Business Twitter and Facebook. Subscribe on YouTube.

TAGS:
StartupsNESTfundsMahindra GroupAlphabyteThe Learning Centre
RELATED NEWS
After Neo Banking in 2020, 2021 belongs to Hybrid Banking? What is it? Its advantages? Demands of customers? All you need to know After Neo Banking in 2020, 2021 belongs to Hybrid Banking? What is it? Its advantages? Demands of customers? All you need to know
EXPLAINED: Here is how investors can add value to startups beyond the investments EXPLAINED: Here is how investors can add value to startups beyond the investments
How was the year 2020 amid Covid-19? Startups share opinions How was the year 2020 amid Covid-19? Startups share opinions
StartupLanes presents 10 most promising startups of December 2020 StartupLanes presents 10 most promising startups of December 2020
Ecosystem of startups is encouraging innovation, promoting young entrepreneurs: Piyush Goyal Ecosystem of startups is encouraging innovation, promoting young entrepreneurs: Piyush Goyal

LATEST NEWS

India vs Australia Brisbane Test: From PM Modi, Anand Mahindra, Virat Kohli, Sachin Tendulkar, Virender Sehwag, Mohammed Shami, Shikhar Dhawan to Sundar Pichai, a standing ovation for India's wounded warriors

Anil Singhvi decodes correction in stock markets; know importance of today's market closing

PUBG Mobile India: Launch date, trailer, competition from FAUG and other latest updates

Bank Interest Rate: Best returns! These two banks top the list

Unable to check EPF balance post-EPFO interest credit without UAN? Do this at epfindia.gov.in

Ind vs Aus: Cannot take anything for granted, never underestimate Indians, says Justin Langer

Rishabh Pant smashes India to series win against Australia for the ages at Gabba

Public Provident Fund (PPF) account limit double at Rs 3 lakh from Rs 1.5 lakh? Income tax return 80C cap at Rs 2.5 lakh? This Budget demand is full of joy!

GST: Never claim fake Input Tax Credit (ITC) in greed of money, else this will happen - Modi government is watching you!

Tata Consumer Products share price: Eyeing growth outdoors as Covid fears ease II Sharekhan revises price target to Rs 685

  • India News
  • World News
  • Companies News
  • Market News
  • Personal Finance News
  • Technology News
  • Automobile News
  • Small Business News
  • Income Tax Calculator
  • Live TV
  • Videos
  • Photos
  • Author
  • Rss Feed
  • Advertise with us
  • Privacy Policy
  • Legal Disclaimer

Latest Trending Updates

  • EPFO
  • Budget 2020
  • Income Tax Return
  • Auto Expo 2020
  • Home Loan
  • Business News

Trending Topics

  • Income Tax
  • income Tax Calculator
  • 7th Pay Commission
  • Reserve Bank of India
  • GST
  • Latest Business News

Follow us on

zeebiz
zeebiz

Partner Sites

  • Zee News
  • Hindi News
  • Marathi News
  • Bengali News
  • Tamil News
  • Malayalam News
  • Gujarati News
  • Telugu News
  • Kannada News
  • DNA
  • WION
Copyright © Zee Media Corporation Ltd. All rights reserved