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ClassTeacher.com receives $15 million from Fidelity Growth Partners India

Delhi-based Mind Shaper Technologies which operates virtual classroom
ClassTeacher.com has received a funding of $15 million from Fidelity Growth
Partners India (FGPI). The investment will be used to further the company’s
product portfolio and strengthen ClassTeacher’s role as an organisation that
combines technology and innovation as part of its commitment to education.

Delhi-based Mind Shaper Technologies which operates virtual classroom
ClassTeacher.com has received a funding of $15 million from Fidelity Growth
Partners India (FGPI). The investment will be used to further the company’s
product portfolio and strengthen ClassTeacher’s role as an organisation that
combines technology and innovation as part of its commitment to education.

As a part of this investment Kabir Narang and
Raul Rai with FIL Capital Advisors (India), the private equity advisory arm for
FGPI, will join the Board of the company. Commenting on this, Narang said,
“We are excited to partner with Mind Shaper Technologies and be a part of
the large and growing education sector. The company has an exhaustive content
library that can be leveraged beyond digital whiteboards, a reference base of
leading schools across the country and a strong management team.”

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