Friday, 24 March, 2023

Allen Career Institute in India receives $600M investment from James Murdoch firm

<p>Allen Career Institute is getting a $60M investment from Bodhi Tree. The investment platform of James Murdoch and former Disney executive Uday Shankar is increasing its stake in India&#39;s booming edtech business, they announced on Sunday. The pair explained that their investment in the 33-year-old education company, which has 138 classroom sites in 46 cities across India and the Middle East, is strategic. The deal valued Allen, which is based in Kota, at over $1B.</p>