The Daily Mail Group Information (DMGI) on behalf of its education subsidiary Hobsons has invested $9m in India e-learning company iProf Learning Solutions India, in a series B round of funding. Existing investors Norwest Venture Partners and IDG Ventures India, the corporate venturing unit of publisher International Data Group also participated in the round.
The capital raised in iProf Learning Solutions India’s $9m series B round of funding led by Hobsons, the education subsidiary of The Daily Mail Group Information, will be allocated to take the company’s product SchoolEra, an automated school management platform, to more schools in India and overseas.
With this round, the total capital raised by iProf has reached $15m. In 2011, it had attracted $6m in a series A round of funding that included IDG Ventures India, private equity firm…
