Private equity company Blackstone Group has entered into an agreement to acquire a controlling stake in edtech startup Simplilearn Solutions Private Limited for $250 million (over ₹1,870 crore).
As a result, early investors Kalaari Capital, Helion Venture Partners and Mayfield Fund are exiting as part of the transaction.
Shardul Amarchand Mangaldas & Co acted for Simplilearn.
Khaitan & Co represented the Blackstone Group.
IndusLaw advised Mayfield India, Helion Venture and Kalaari Capital on their exit.
The transaction team was led by Partners Siddharth Manchanda and Minhaz Lokhandwala with Senior Associate Chandni Shah and Associate Anushree Kacker.
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