by S Chand Offers Its Whole Holding in INeuron to PhysicsWallah
Training content firm S Chand and Company will sell its whole stake in the simulated intelligence and Information Sciences focussed edtech stage iNeuron Knowledge Private Restricted to unicorn Physicswallah for about Rs 14 crore, the organization said on Thursday. S Chand and Company had put Rs 7 crore in iNeuron in December 2021.
“S Chand and Company Restricted will sell its whole stake in the simulated intelligence/Information Sciences focussed Ed Tech stage iNeuron Knowledge Private Restricted to Physicswallah for a thought of around Rs 14 crores. Furthermore, our co-financial backers, Mukesh Sharma Family Trust would likewise be leaving their interest in iNeuron Knowledge Private Restricted,” S Chand said in an explanation.
The organization said that it is leaving iNeuron with twice profit from unique speculation.
The organization has its own computerized business including stages like S Chand Foundation (YouTube), TestCoach Application, Learnflix Application and Mylestone Educational program Arrangements and is additionally a financial backer in Smartivity Labs private Restricted which is training STEAM toys organization.
