New Silk Route invests in Indian educational firm

Education is another great sector,if you are an investor and intending to capture India8217;s growing consumer story,said Jacob Kurian,one of the partners of the fund.

Private equity funds invested have invested 10.58 billion of capital across 501 deals in 2011,up more than a fifth compared to 8.47 billion across 416 deals in 2010,according to data from industry tracker VCCircle.com.

The investment in Varsity would be New Silk Route8217;s second investment in the educational sector. The fund,which manages more than 1.4 billion,has invested in the Lahore-headquartered Pakistani firm,Beaconhouse,one of the world8217;s largest primary and secondary education chains,it said.