Last Updated: December 23, 2022, 15:31 IST
S Chand says it is exiting iNeuron with two times return on original investment.
S Chand and Company invested Rs 7 crore in iNeuron in December 2021
Education content firm S Chand and Company will sell its entire stake in the AI and Data Sciences focussed edtech platform iNeuron Intelligence Private Limited to unicorn Physicswallah for about Rs 14 crore, the company said on Thursday. S Chand and Company had invested Rs 7 crore in iNeuron in December 2021.
“S Chand and Company Limited will sell its entire stake in the AI/Data Sciences focussed Ed Tech platform iNeuron Intelligence Private Limited to Physicswallah for a consideration of around Rs 14 crores. In addition, our co-investors, Mukesh Sharma Family Trust would also be exiting their investment in iNeuron Intelligence Private Limited,” S Chand said in a statement.
The company said that it is exiting iNeuron with two times return on…