XSEED Education picks minority stake in Hippocampus Learning Centres

XSEED Education is a Singapore-based leading K-12 edtech company. It has announced that it has taken a minority stake in Bangalore-based Hippocampus Learning Centres. This is XSEED's third investment in the education and edtech space in five years. It previously acquired Pleolabs in 2016 and Report Bee in 2018. The companies have not disclosed the size and value of the part acquisition.

About Hippocampus

Hippocampus Learning Centres (HLC) is an impact-focused education organization, the company states. It aims to address the growing demand for quality education in India. Hippocampus has built over 200 early learning preschools, operates sixteen K-10 schools, and provided more than 150,000 student-years of learning.

Talking about the part-acquisition, Umesh Malhotra, Co-founder and CEO, HLC, said, “XSEED's mission of transforming the quality of education globally resonates well with Hippocampus' vision to provide high-quality education to small towns and rural communities in India. We are really happy that we have a partner that aligns with our values and together with XSEED we can provide a better solution to our customers.”

Ashish Rajpal, Founder and CEO of XSEED Education, further explained, “We have always known that Umesh and his team are doing something very special and impactful. Our visit to their school in Hassan last year gave us a very tangible conviction. The unique Hippocampus identity and culture really shine through. Their systems for the management of quality schools in challenging environments is what is needed in many places.”