Bangalore-based Hippocampus Learning Centres has raised Rs 14.4 crore ($2.39 million) in a fresh round of funding led by the Asian Development Bank (ADB) and Khosla Ventures..Lawyers at Work acted for Hippocampus with a team led by Partner Talha Salaria along with Associate Avantika Govil..Goodwin Procter LLP acted as International legal counsel for ADB while Nishith Desai Associates acted as domestic legal counsel..The Goodwin team was led by Partner Yash Rana..The NDA team was led by Partner Vaibhav Parikh along with Sangeeta Rana, Parag Srivastava and Shivangi Sharma..ADB has invested Rs. 10 crore in the new round, while Khosla Ventures, founded by Sun Microsystems co-founder Vinod Khosla and Unitus Seed Fund have invested Rs 4.4 crore..Founded in 2010, Hippocampus, which currently operates 128 learning centres in four rural districts of Karnataka, will use the proceeds to expand to 700 learning centres by 2016, reports ET.
Bangalore-based Hippocampus Learning Centres has raised Rs 14.4 crore ($2.39 million) in a fresh round of funding led by the Asian Development Bank (ADB) and Khosla Ventures..Lawyers at Work acted for Hippocampus with a team led by Partner Talha Salaria along with Associate Avantika Govil..Goodwin Procter LLP acted as International legal counsel for ADB while Nishith Desai Associates acted as domestic legal counsel..The Goodwin team was led by Partner Yash Rana..The NDA team was led by Partner Vaibhav Parikh along with Sangeeta Rana, Parag Srivastava and Shivangi Sharma..ADB has invested Rs. 10 crore in the new round, while Khosla Ventures, founded by Sun Microsystems co-founder Vinod Khosla and Unitus Seed Fund have invested Rs 4.4 crore..Founded in 2010, Hippocampus, which currently operates 128 learning centres in four rural districts of Karnataka, will use the proceeds to expand to 700 learning centres by 2016, reports ET.
