CL Educate has invested ₹8 crore in Chennai-based 361 Degree Minds, a research-led edutech company. The infusion will help the two companies discover new synergies and leverage each other’s strengths to expand geographical spread and consumer base, and launch new programmes for new audiences.
CL Educate already holds 4.43 per cent in 361 Degree Minds, which was founded in 2006 by three classmates from BITS, Pilani, said a press release issued by CL Educate. According to CP Gopinathan, Co-founder & Chief Integrator, 361DM, investment from CL Educate will accelerate the company’s capability growth and market expansion plans.