American Education Giant partners with Edove

Ventures, aims to open 130 School in India

City Air News Author( S):
Delhi : In a bid to increase its footprint in the country, USA’s oldest private
school, Rutgers Prep has entered into an exclusive partnership with a
Gurugram based company Edovu Ventures, an Indian educational firm
which has deep investment interests in Indian education sector. The move
is expected to provide the much needed capital and quality infusion in the
system. Under the joint venture, Edovu ventures are the only educational
firm in India, Introducing senior Secondary school of entire American
teaching methodology.

The joint Ventures expects to generate a revenue of about 1654 million

and 3663 million from Pre – school and formal k -12 schools against an
expected expenditure of about 976 million and 1089 million respectively by
the year 2023 – 24. They are expected to make a net profit of almost 3252
million from their primary and secondary school chains.

Edovu Ventures with Rutgers Prep has an expanding portfolio in education

sector. It has already been setting up pre and formal schools in India. At the
end of FY 2017 – 18, there were about 57 pre- schools and 3 formal
schools in India They are expected to increase to about 129 and 16
respectively by the end of the FY 2018 – 19. The target is to scale it up to
about 313 and 35 by 2019 – 20 and 130 by 2022 – 23, respectively.

Under the agreement with Rutgers, Edovu Ventures will establish American
Edu Global School and American Eduworld schools across India. They
cater to primary and K – 12 curriculums respectively. The idea has been to
shift the focus away from traditional teaching methods to modern ones.
Through the partnership, schools in India will receive support in academics,
social entrepreneurship and participation in global society. Edovu Ventures
has already introduced more than 30 USA based quality play school,
Discovery Montessori USA.
“ Over 150 years ago the Rutgers Prep community welcomed the first
international students and began our vision toward a connected global
community. This next step in the path to an interconnected global
community will support that vision. The addition of the American Eduglobal
School and American Eduworld School will add to the growing number of
new, global education programs in India. Trough the Rutgers Prep
partnership, we will support the schools with our expertise in academics,
social entrepreneurship, and participation in the global society. “Said Dr.
Kevin Merges, Executive Director, Global Education Programs, Rutgers
Preparatory School.

To set up such a vast network of schools, a lot of financial investment is

needed. Edovu Ventures is planning to pump in almost 90 million which will
be utilized in Branding, Purchase of Materials, IT Advancements, Office
Expenses, staff welfare, Marketing and sales, operations and Academics.

“ In myview, there are two obstacles that are hurting the quality of
education most. One, the low level of investment and two, the absence of
dynamic curricula. The syllabus and teaching methodologies as we see
now is largely static. There is a visible gap between industry requirements
and student capabilities. Edovu Venture not only provides capital to
franchisees in education sector but also helps them in designing a
curriculum that focus more on practical knowledge than regular academics.
Our unique 4 lab system is aimed at not only bringing about an all round
development of a child but also prepares them to face the new challenges
emerging out of new technologies”. Said P. K. Samal, Managing Director of
Edovu ventures.

Date:

Monday, April 23, 2018

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