TutorVista attracts investment from Manipal Education
Released on: October 18, 2007, 10:48 pm
Press Release Author: Venkatesh
Industry:
Press Release Summary: TutorVista attracts investment from Manipal Education Association to help TutorVista jump start its India Plan
Press Release Body: TutorVista attracts investment from Manipal Education Association to help TutorVista jump start its India Plan
Bangalore, October 18, 2007: Education sector continues to attract investment. Bangalore based TutorVista.com - the leading online tutoring company today announced that a strategic investment of $2.5 million has been made in TutorVista by one of India's top ranking educational conglomerate - The Manipal Education Group. With this, Dr. Ranjan Pai, the CEO of Manipal Education and Medical Group (MEMG) comes on board of TutorVista as an independent Director.
TutorVista - a global leader in online tutoring and test preparation services brings with itself a technological innovation based service and its collaboration with Manipal Education will benefit students in accessing the course materials directly from the internet.
"We are delighted to have Manipal Education as our investor-partner, which not only reaffirms our market credibility and competitiveness but helps us in rapidly growing our market presence and strengthening our core competencies in online learning." said Mr. Ganesh Krishnan, Founder & Chairman, TutorVista.com
Manipal Education is one of the largest and most diversified academic and education services provider in India. With two universities - Manipal University and Sikkim Manipal University and over 30 institutions in India, besides colleges and university campuses in Antigua, Dubai, Malaysia and Nepal, Manipal education currently has over 125,000 students studying under-graduate, graduate and doctoral programmes.
"This investment is a step forward for us at Manipal Education in erasing boundaries concerning education and furthers our commitment in creating a global footprint", said Dr. Ranjan Pai, CEO - Manipal Education and Medical Group. As the CEO, Dr. Pai's focus is on new business initiatives of the group. "This investment would be mutually beneficial in enabling education to be truly pervasive", he said.
Manipal's interest in the K-12 space and personalized tuitions is envisaged by the need to leverage the latest technology for increasing reach and effectiveness of school education. TutorVista adopts a cost effective, mass based approach that makes education accessible for the bottom of the pyramid.
The association with Manipal Education will help TutorVista jump start its India plan, which spans a host of areas. TutorVista plans to leverage education content, technology and internet marketing expertise to bring affordable education across the country. The India initiative plans to reach the remotest corners and make quality education accessible and affordable to every student through a combination of online and offline methods using technology, reach and key partnerships.
TutorVista has an excellent model with a unique combination of Internet, Global Resources and Technology Platform to deliver scalable education worldwide.
For further information, contact:
Mr. Ankit Chaudhary, TutorVista.com, Ph: 9980140964
Media Contact: Venkatesh, Brand-Comm, Bangalore, Ph: 9845450336
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