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Kaizen Private Equity II

Equity : November 2018

Kaizen Private Equity is India’s first Education focused fund.

Amount

€ 8,338,200.00

Type of investment

Equity

Development impacts

  • Local economic growth
  • Private sector consolidation/innovation
  • Access to basic services & goods
  • Gender

Beneficiary locations

Asia: India

Investment field

Investment Companies & Funds

Activity

SME Fund

Organisation

Kaizen Private Equity II

Domicile

India

More investments in

Kaizen Private Equity II

  • Subsidy € 300,000.00 (2020-2023)

The Fund is focused on the education sector of emerging South and South East Asia and is a follow-on to Kaizen Private Equity I (Fund I) with a similar sectoral approach. The Fund is a 10 year, closed-end fund with a USD 125 m target size. First closing was on 10.03.2017, followed by a second closing in December 2017.

The Fund will invest in education, defined as core education (e.g. K-122 schooling, colleges), parallel education (e.g. pre-school, test preparation) and education enabling services (e.g. technologies, books, Edtech, finance, student housing etc.) in South and South East Asia, with focus on India (50% of the transactions). The Fund’s investees will target to (lower) middle income population.

Development impacts

  • Local economic growth

    provision of long term growth capital to SMEs (in the education sector); employment creation

  • Private sector consolidation/innovation

    Education is an underfunded sector in South/South East Asia. Bridging the disparity between public and private schools is a major goal of Kaizen

  • Access to basic services & goods

    improved access to quality education

  • Gender

    Education represents a major solution to reduce inequality among society members and empowers women’s position. Kaizen actively promotes female education, female employability and empowerment through its investments.

Made possible through this investment

Thanks to the direct funding from BIO, the following second-line investments have been made possible.

INSOFE

India

INSOFE was established in 2011 in India. It is one of India’s premier institutions offering courses in data science to students, who are primarily working professionals, and corporates globally.

Phinma Education holdings

Indonesia, Philippines

PHINMA Education (PEHI) started in 2004 in the Philippines and is specialized in turning around distressed HEIs (Higher Education Institutes) by improving their academic quality, which results in higher board passing rates and better employment opportunities for the graduating students.

Socap holdings (Pintek)

Indonesia

Pintek is a financial technology company that provides financial support to students, parents, educational institutions and education MSMEs in Indonesia.

Think & Learn Private Limited - Byju's

India

Think & Learn Private Limited, doing business as Byju's, provides online educational services. The Company offers a technology based educational platform for primary and secondary school subjects, overseas and domestic test preparation courses, learning programs, and applications. Byju's focuses on students and educational professionals in India.

Toppr (Exited)

India

Toppr is India's leading after-school learning app on a mission to make learning personalised.

Yola

India

Founded in 2009 in HCMC, Vietnam, Yola provides English language trainings. The company started with providing test preparation (GMAT, IELTS, TOEFL) to high school and college students and, over the years, expanded to ELT (English Language Training) programs for primary and middle school children.

Varthana - Thirumeni

India

Thirumeni Finance / Varthana is a Non-Banking Financial company focused on providing affordable private schools in India. These schools cater to low-income population in tier 2 and 3 cities.

View more of our investments in this region

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Prime Bank

20,000,000.00

  Bangladesh

  12/03/2026

  Debt

Investment Companies & Funds

Kampani

 2,000,000.00

  29/01/2026

  Equity

Investment Companies & Funds

Excelsior Capital Vietnam Partners II

15,000,000.00

  Vietnam

  11/12/2025

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Financial Institutions

Alliance Finance Company

8,373.00

  Sri Lanka

  09/12/2025

  Subsidy

Enterprises

Super Silica

3,700,000.00

  Bangladesh

  01/12/2025

  Debt

Kashf Foundation

9,005.00

  Bangladesh

  16/10/2025

  Subsidy

Financial Institutions

Lendable MSME Fintech Credit Fund 2

10,000,000.00

  01/07/2025

  Equity

Financial Institutions

Amartha - Inclusive Capital Fund SPV

15,000,000.00

  Indonesia

  27/03/2025

  Debt

Financial Institutions

Alterfin

 350,000.00

  25/03/2025

  Subsidy