Indian education service provider CL Educate, formerly known as Career Launcher, has filed papers for an IPO hoping to raise up to $40 million. The company was founded in 1994 and operates centers in Dubai and Abu Dhabi beside Northern India.
Among its services are numerous products, programs and services in the test preparation, K12 and higher education as well as vocational training verticals. Those programs and courses take place both online and offline.
CL Educate operates ten K12 schools, operates 88 test prep centers and owns 76 test prep centers across India. Currently more than 67,000 students are enrolled in the centers.
Since the end of 2011 CL Educate has acted as a publisher of educational content including mock exams, test prep and guides after acquiring GK Publication, selling 1.1 million copies in the financial last year.
The company’s revenue from operations was a reported $35.4 million for FY14.
- Career Launcher parent CL Educate files for up to $40M IPO, Gaja Cap to part exit | VCCircle
- CL Educate | Bloomberg Business Snapshot