ALLEN CAREER INSTITUTE AND BODHI TREE SYSTEMS ANNOUNCE STRATEGIC PARTNERSHIP

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$600 million funding by Bodhi Tree will assist scale India’s largest and most profitable test-prep firm; leverage digital expertise to dramatically enhance studying outcomes for college students in India and past

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MUMBAI, India, Could 1, 2022 /PRNewswire/ — ALLEN Profession Institute (ALLEN) and Bodhi Tree Techniques have introduced a strategic partnership with the aim of constructing the world’s most admired and trusted training model.

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ALLEN is an training powerhouse with an unparalleled observe document of success on this planet’s best school entrance examinations and Olympiads. ALLEN has a pan-India footprint with a rising presence in Center East by 138 classroom facilities in 46 cities, a group of extremely devoted and famend college members, and a pedagogy that has been perfected over three a long time. ALLEN’s partnership with Bodhi Tree Techniques will construct additional on the test-prep providing and ship at-scale constructive impression for thousands and thousands of scholars in test-prep and K12 segments, utilizing expertise because the core driver of worth.

Bodhi Tree Techniques is a newly fashioned platform between Lupa Techniques Founder and CEO James Murdoch and Uday Shankar, the previous president of The Walt Disney Firm Asia Pacific and former Chairman of Star and Disney India. Bodhi Tree Techniques will leverage its founders’ shared observe document of constructing iconic client companies to construct ALLEN right into a world-class digital training enterprise of the long run. Qatar Funding Authority (QIA), the sovereign wealth fund of the State of Qatar, is an investor in Bodhi Tree Techniques.

“Schooling is a crucial client want, pushed by its deeply transformative impression on lives and livelihoods of customers.”, Murdoch and Shankar stated. “We imagine that training is on the cusp of a expertise led renaissance that can basically alter how training is imparted and can enhance its efficacy. ALLEN’s unequalled success and scale present the best basis to construct the digital training firm of the long run. We’re excited to work with the Maheshwari household to construct an outcomes-focused digital training firm that delivers on the aspirations of thousands and thousands of learners and fogeys in India and past.”

Based by Rajesh Maheshwari in 1988, ALLEN is India’s most revered check prep model that has created a constructive transformational impression on over 2.5 million younger lives since its inception. Aspirants for engineering and medical school entrance exams have gained tremendously from ALLEN’s high-quality pedagogy, leading to an unparalleled observe document of choices in prestigious exams corresponding to IIT JEE Mains & Superior, NEET-UG, KVPY, and the Olympiads.

Senior-most Director of ALLEN, Govind Maheshwari, stated, “Our resolution to enter into this strategic partnership with Bodhi Tree is based on shared values, ideas and an aligned imaginative and prescient of making societal impression at scale by training globally.”

 “Since its inception, ALLEN has targeted on offering top quality training to college students to assist them obtain their highest potential and fulfil their profession aspirations. Within the course of, now we have helped create a whole lot of 1000’s of medical doctors and engineers, who contribute to constructing India and the society of at the moment. Our partnership with Bodhi Tree is a necessary ingredient in furthering our mission to considerably enhance ALLEN’s attain and impression. We’re fairly happy and excited that the Bodhi Tree group additionally sees worth in combining their experience with our expertise in Schooling.”, Rajesh Maheshwari stated.

ALLEN’s Director Naveen Maheshwari stated, “The journey of ALLEN has been certainly one of at all times giving again to the society. ALLEN’s student-centric caring system has been its spotlight. We imagine this partnership is barely going to take our pedagogy, caring-system and values to a really vast scholar group which was not in a position to affiliate with ALLEN in any other case as a consequence of bodily constraints.”

Chairman-designate of the brand new Board, Brajesh Maheshwari additional talked about, “Many of the edtech merchandise & companies available in the market are at present not fixing for the wants of a scholar. With ALLEN’s time-tested pedagogy and Bodhi Tree’s observe document in expertise, the two T’s – ‘Instructing’ and ‘Expertise’, will now come collectively to lastly remedy the issues of thousands and thousands of scholars of outcome-driven studying in a tech-enabled surroundings.”

Keshav Maheshwari, from the second technology of the Maheshwari Household, talked about, “Our partnership with Bodhi Tree won’t solely assist us scale our Indian operations by expertise but additionally gas our progress journey within the Center East.”

The transaction is predicted to shut inside three months and is topic to closing situations and requisite approvals.

EY acted because the unique monetary advisor. Cyril Amarchand Mangaldas supplied authorized advisory and documentation help to ALLEN. EY supplied due diligence companies to Bodhi Tree. AZB & Companions had been the authorized advisors to Bodhi Tree.

About ALLEN

ALLEN is India’s premier teaching institute for the preparation of JEE (Fundamental + Superior), JEE (Fundamental), Pre-Medical (NEET-UG), Pre-Nurture & Profession Basis (Class VI to X, NTSE & Olympiads). At ALLEN, the main focus is on constructing a powerful basis of information and ideas in college students for his or her success and offering a superb platform for preparation for aggressive exams and K12 curriculum. The tutorial help and due private care supplied to every ALLEN scholar helps them meet their profession targets. ALLEN’s core values of Dedication, Honesty, Authenticity, Integrity, Devotion, Humanism, Holistic Studying, Social Ethics, and concern for society & surroundings are all intently interwoven into the material of its educational applications. ALLEN’s extremely certified and skilled colleges are devoted and dedicated to scholar’s full success and supply a nurturing surroundings to the scholars for his or her social, cultural, educational and all-round improvement. Web site: www.allen.ac.in

About Bodhi Tree Techniques

Bodhi Tree Techniques is a strategic investor in client expertise alternatives in South and Southeast Asia and the Center East, with a selected concentrate on India. The entity is a platform of James Murdoch’s Lupa Techniques and Uday Shankar and was established in 2021. Bodhi Tree expects to spend money on client expertise sectors that characterize vital alternatives however endure from a scarcity of capital and innovation – together with media, healthcare and training.

About James R. Murdoch

James Murdoch is an investor and philanthropist. After greater than twenty years of worldwide management within the media and expertise industries, James Murdoch based Lupa Techniques as a non-public holding firm. James most just lately served as CEO of twenty first Century Fox from 2015 to 2019; beforehand he served as twenty first Century Fox Co-COO, Chairman and CEO for Europe and Asia. Previous to his time at twenty first Century Fox, James was the CEO and Chairman of Sky, and CEO of STAR TV. He’s a Director of Tesla, the Dia Artwork Basis, and Vice-Chair of the Middle for New American Safety. James and his spouse, Kathryn Murdoch, are founders of Quadrivium, a basis that invests in democracy reform, expertise and society, scientific consciousness, and local weather and ocean well being points.

About Uday Shankar

Uday Shankar just lately transitioned to an entrepreneurial profession following a long time in company administration. With funding from world traders, he goals to help founders to create transformational options. A journalist by coaching, Uday led and remodeled the media panorama in India. He took over as CEO of Star India in 2007 and remodeled the corporate’s broadcast operations and made Star India one of many largest media and leisure firms in Asia. He subsequently led twenty first Century Fox’s operations all through Asia. Uday was appointed President of The Walt Disney Asia Pacific when The Walt Disney Firm acquired twenty first Century Fox. Below his management, Star launched Hotstar, now Disney+ Hotstar – one of the profitable streaming companies globally. Uday at present serves because the Quick Previous President of Federation of Indian Chamber of Commerce & Business (FICCI), India’s premier trade affiliation.

About Lupa

Lupa Techniques is a non-public holding firm based in 2019 by James Murdoch, the previous CEO of twenty first Century Fox, Sky plc, and STAR. The corporate has presence in New York and Mumbai. Collectively, the Lupa group has intensive expertise constructing and scaling companies throughout the globe in a number of industries. Lupa focuses on firms inside the expertise and media industries, impact-driven firms targeted on environmental sustainability, and rising markets, notably inside the Indo-Pacific area. Web site: www.lupasystems.com

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