India: Manipal Education plans to spin off a part of its business

Manipal Education and Medical Group, plans to spin off its recently-launched Manipal ProLearn, which provides learning solutions in shorter format on mobile phones, into a separate company next year, according to a report in The Economic Times.

“It’s under Manipal Global Education right now but we will spin it off as a separate company as we grow. Right now it’s being incubated there, next year it should become a separate company,” CEO of the group Ranjan Pai told The Economic Times in an interview.

“The world is changing so fast that people continue to re-skill themselves. This becomes a very important tool for that, especially when the language of coding is changing. We see that as a huge growth opportunity,” he added.

Manipal Global Education is also eyeing an entry into the health insurance space. “We’ve been toying with the idea of health insurance. We may look at that down the road,” Pai said, when asked if the group was interested in any new verticals.

Pai is also the co-founder of investment fund Aarin Capital, which is had committed $80 million worth of investments.

Commenting on whether Aarin was looking to raise its corpus, Pai said “It’s a moving target, we don’t have any number in mind right now. It’s not going to be another $80 million. It’ll be incremental, probably another $10-20 million. We will look at exits. If the exits happen, we’ll continue to deploy that”.

Aarin’s investment portfolio includes media startup Inc42, hotel-booking app Savvymob, enterprise marketing automation suite Wigzo and health startup UE LifeSciences.

Also Read:

 India: Inc42 raises pre-Series A funding from Unicorn, Aarin Capital, others

India: Wigzo raises pre-Series A round led by Aarin Capital

 

 

Singapore Reporter/s

In Singapore, we are looking to double our reporting team by this year-end to comprehensively cover the fast-moving world of funded startups and VC, PE & M&A deals. We want reporters who can tell our readers what is really happening in these sectors and why it matters to markets, companies and consumers. The ability to write precisely and urgently is crucial for these roles. Ideal candidates must have to ability to work in a collaborative, dynamic, and fast-changing environment. We want our new hires to be digitally savvy and ready to experiment with new forms of storytelling. Most importantly, we are looking for hard-hitting reporters who work well in a team. Collaboration and collegiality are a must.

Following vacancies can be applied for (only in Singapore).

Following vacancies can be applied for (only in Singapore).   

  • A reporter to track companies/startups that have raised private capital, and have the potential to become unicorns. SEA currently has over 40 companies with a valuation of over $100 million and under $1 billion.
  • A reporter who can get behind the scenes and reveal how funding rounds are put together, or why they’ve failed to materialise. She/he in this role will largely focus on long-format stories. 
  • A journalist to track special situations funds, distressed debt and private credit (from the PE angle) across Asia.

Singapore Reporter/s

In Singapore, we are looking to double our reporting team by this year-end to comprehensively cover the fast-moving world of funded startups and VC, PE & M&A deals. We want reporters who can tell our readers what is really happening in these sectors and why it matters to markets, companies and consumers. The ability to write precisely and urgently is crucial for these roles. Ideal candidates must have to ability to work in a collaborative, dynamic, and fast-changing environment. We want our new hires to be digitally savvy and ready to experiment with new forms of storytelling. Most importantly, we are looking for hard-hitting reporters who work well in a team. Collaboration and collegiality are a must.

Following vacancies can be applied for (only in Singapore).

Following vacancies can be applied for (only in Singapore).   

  • A reporter to track companies/startups that have raised private capital, and have the potential to become unicorns. SEA currently has over 40 companies with a valuation of over $100 million and under $1 billion.
  • A reporter who can get behind the scenes and reveal how funding rounds are put together, or why they’ve failed to materialise. She/he in this role will largely focus on long-format stories. 
  • A journalist to track special situations funds, distressed debt and private credit (from the PE angle) across Asia.