Nov 10, 2017 Blogs Community

Our Gurgaon Client, TeamLease acquires 40% stake in Schoolguru.

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Our Gurgaon clients, TeamLease Services Limited is one of India’s largest staffing companies and will  be acquiring close to 40% stake in Mumbai-based education technology startup Schoolguru for Rs 13.5 crore (about $2 million), it said in a stock-exchange filing. Schoolguru will continue to operate as a separate entity following the transaction, the filing said.

TeamLease is a leading human resource service company with over 150,000 associates/trainees in 6,000+ locations. The company has 8 offices and 1,900 clients across the country for its services in Staffing, Outsourcing, and Human Capital.TeamLease pursues its mission of ‘Putting India to Work’ by focusing on the 3 E’s of Employment, Employability, and Education.

They’ve already acquired few companies in last one year, which includes “Evolve Technologies”, “ASAP Info Systems” and “NichePro Technologies”.

Check their media coverage regarding the same.

Hindu Business Line : 
Economic times :
Vc Circle :

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