Pearson Gets Stakes In Indian Education, Including a Tutoring Service for US Students

Ketaki Gokhale:

Separately, Pearson said it will also buy a 17% stake in TutorVista, a Bangalore-based online tutoring company that links Indian tutors with U.S. students.

TutorVista will issue new shares to Pearson as part of its third round of fundraising. It has already received funding from Manipal Educational and Medical Group and private equity fund LightSpeed Venture Partners.

Pearson says its stake in TutorVista will strengthen its position as a supplier of education tools in the U.S., TutorVista's core market.

Posted by Jim Zellmer at June 25, 2009 1:56 AM
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