Kaisen invests $10 million in YOLA

01-Aug-2019 Intellasia | The Saigon Times | 6:02 AM Print This Post

Kaisen Private Equity (Kaisen PE), the specialised education fund manager in emerging markets, on July 29 announced a $10 million investment in YOLA, a leading education company focused on teaching English programmes embedded with life skills and knowledge for students in Vietnam.

YOLA is Kaisen PE’s first investment in Vietnam.

“We expect the Vietnamese education sector to continue growing strongly over the next five years and are delighted to have YOLA become our first investment in the country. We look forward to more transactions in the near future,” Sandeep Aneja, founder and managing partner of Kaisen PE, remarked in a statement.

Vietnam spends some 8 percent of its GDP on education annually, according to the Vietnam Ministry of Education and Training. The government has a strong focus on pursuing educational goals, committing 20 percent of the State budget to education every year.

“We are impressed by the importance of education in Vietnamese culture, and the outstanding results that Vietnam has obtained in terms of school attendance, completion and student achievement,” Aneja stated.

Kaisen PE’s funding is the second private equity capital round YOLA has received. In 2016, Vietnam-focused fund manager Mekong Capital invested $4.9 million in the company.

Aneja went on to say that together with the company’s online content platform, delivering a blended learning experience to students, the company’s focus on academic English with a well-researched knowledge-based curriculum taught by competent foreign and Vietnamese teachers are aspects that differentiate YOLA strongly from other providers in the market.

“We are excited to join forces with YOLA and with Mekong Capital to provide a strong English language foundation for more Vietnamese students, enabling them to reach their full potential and preparing them for global success,” Aneja added.

YOLA was cofounded by Ngo Thuy Ngoc Tu (chairwoman), Pham Anh Khoa (CEO) and a few other Vietnamese overseas alumni.

Khoa noted that within the past 10 years, YOLA has empowered thousands of students in Vietnam to unlock their full potential, allowing them to realise their dreams and positively contribute to society.

“By partnering with Kaisen Private Equity, one of Asia’s most active education investors, YOLA gains a partner whose vision of educational and social impact is aligned with ours, and we are excited to work together to continue to deliver on our mission of educating 500,000 students,” Khoa stressed.

Kaisen Private Equity invests exclusively in educational institutions and companies in South and Southeast Asia.

The firm manages two equity funds with assets greater than $150 million across several transformative education companies in the region.

YOLA has a network of 14 campuses in HCM City and Hanoi, with more than 30,000 students.

https://english.thesaigontimes.vn/70207/kaisen-invests-us$10 million-in-yola.html

 


Category: Business, Vietnam

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