Education Catalyst Fund is a US$ 20 Million onshore fund established under the Alternate Investment Fund Category II scheme of the Securities & Exchange Board of India. It is focused on supporting edtech companies that offer solutions to low income families in the education, and jobs & livelihoods areas.
The 8-year close-ended fund managed by impact investment management firm CBA Capital aims at supporting 15 edtech companies in the early part of their lifecycle with seed and series A stage investments. To deliver on its promise of disrupting India’s education, it has till date invested in three companies – Simulanis, Kopykitab and Buddy4Study – all early-stage companies using technology to disrupt traditional business models. Gray Matters Capital is the largest investor in the fund.
Investment Rationale
Focused on education and skilling – two of the most important ingredients for harvesting India’s demographic dividend, the fund has the potential of bringing a positive change in the lives of low income families across the country. With its investees expected to touch over one million low income households over their lifetime, investing in ECF was a powerful pathway to achieving impact at scale.
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