The Client, a non-profit Foundation, works extensively in the education space through the avenues of remedial education, building pedagogy for government, and capacity for schools. The Foundation also trains teachers and supports underprivileged girls. The Foundation had started an additional initiative in supplemental education targeting underserved children in the urban BOP segment. It managed a pilot in Mumbai and was keen to explore the feasibility of spinning-off these operations as a distinct 'for profit' entity.
Intellecap built the finance, operation, marketing and human resource sections of the business plan by studying the pilot in Mumbai, speaking with the program team/teachers and conducting focus group discussions (FGDs) with parents. Intellecap also supported the Client in developing an Investment Memorandum to support its equity fund raising.
The Client raised equity for the initial expansion phase and is currently in the process of implementing the business plan.
Photo credit: Shubbha Mehta