Ignis Careers is a Hyderabad based social enterprise providing capacity building programs for teachers in government and affordable private schools. Its Life Skills curriculum is unique as it integrates English language learning to help students not just get acquainted with the language, but also prepare them for employment opportunities in the future.
Investment Rationale
The funding from our edLABS initiative has enabled it to develop a digital platform by digitizing the teaching manuals for its Life skills and English language skills training, to ensure greater interactivity in the classroom.
Ignis will use the funds to expand operations to 16 new cities in the South Indian states of Tamil Nadu, Kerala and Karnataka, besides Maharashtra and Chhattisgarh. By doing so, it will establish its presence across 500 schools catering to over 1 lakh students through capacity building of nearly 4400 teachers spread across government and affordable private schools.
About Graymatterscap
Gray Matters Capital (GMC) is an Atlanta based impact investor with a gender lens that is on a mission to “Find a more purposeful life for 100 million women by 2036." Aligning with its mission is its strategy of making sector agnostic investments globally in for-profit enterprises whose products and services benefit women and girls at scale.
GMC sees education, primarily catering to under-resourced and low and middle income sections of the society, as a powerful tool to bring about gender equality and social equity. Over the past 12 years, it has focused on supporting the education ecosystem India by funding for-profit enterprises in the ‘learning to earning’ space, besides being pioneers in establishing the school finance industry catering to low cost private schools in India with Indian School Finance Company (ISFC); Pakistan with the set-up of Taleem Finance Company Ltd (TFCL), in addition to Nigeria (with EdFin Microfinance Bank).
GMC has till date funded over 80 enterprises across the world to the tune of US$ 125 million.
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