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Kota’s Test Prep Co Allen, Murdoch’s Bodhi Tree Seal $600 mn Deal

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By: TNI Team
Updated: May 1, 2022 22:15
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MUMBAI/KOTA: Allen Career Institute and Bodhi Tree Systems have announced a strategic partnership to help expand private coaching, that trains more than a million students in India from a small town-turned-education hub Kota in Rajasthan and several such similar centres across the country.

The USD 600 million investment by Bodhi Tree will help scale India’s biggest and most successful test-prep company, said Allen.

In India, Allen is an education powerhouse with a track record of success in the world’s most competitive college entrance examinations and Olympiads.

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Bodhi Tree Systems is a newly formed platform between Lupa Systems Founder and CEO James Murdoch and Uday Shankar, the former president of The Walt Disney Company Asia Pacific and former Chairman of Star and Disney India. Qatar Investment Authority (QIA), the sovereign wealth fund of the State of Qatar, is an investor in Bodhi Tree Systems.

“We believe that education is on the cusp of a technology-led renaissance that will fundamentally alter how education is imparted and will increase its efficacy. Allen’s unrivalled success and scale provide the right foundation to build the digital education company of the future. We are excited to work with the Maheshwari family to build an outcomes-focused digital education company that delivers on the aspirations of millions of learners and parents in India and beyond,” Murdoch and Shankar said in their joint statement.

Senior-most Director of Allen, Govind Maheshwari, said, “Our decision to enter into this strategic partnership with Bodhi Tree is founded on shared values, principles and an aligned vision of creating societal impact at scale through education globally.”

“Our partnership with Bodhi Tree is an essential ingredient in furthering our mission to significantly increase Allen’s reach and impact. We are quite pleased and excited that the Bodhi Tree team also sees value in combining their expertise with our experience in Education,” Rajesh Maheshwari, Director, Allen, said.

Allen’s Director Naveen Maheshwari said, “The journey of Allen has been one of always giving back to the society. Allen’s student-centric caring system has been its highlight. We believe this partnership is only going to take our pedagogy, caring system and values to a very wide student community which was not able to associate with Allen otherwise due to physical constraints.”

Chairman-designate of the new Board, Brajesh Maheshwari further mentioned, “With Allen’s time-tested pedagogy and Bodhi Tree’s track record in technology, the 2 T’s – ‘Teaching’ and ‘Technology’, will now come together to finally solve the problems of millions of students of outcome-driven learning in a tech-enabled environment.”

 

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