Shahani Group eyes expanding its 'Smart Institute' in 30 cities by 2024

Smart Institute, a part of The Shahani Group, is planning to expand its growth into India, South-East Asia, and the MENA region. The group is targeting to expand its footprint in 30 cities nationally within the next 5 years. Additionally, it looks at investing in EdTech through its EdTech platform application ask.CAREERS.

Smart Institute has renowned brands such as Thadomal Shahani Centre For Management and Thadomal Shahani Centre For Media And Communication under its domain.

The institute is eyeing to expand its reach in India. It is further planning to raise funding of $50 million over the next few years to offer state of the art educational facilities to students, by significantly expanding reach and capabilities. The group has mandated German Boutique Investment Bank, IEG Investment Banking Group to assist with the fundraiser. 

Mihir Kapoor, Managing Director, IEG (India), said, “The global edtech space is expected to reach $341 billion by 2025. The employability skill set is a huge focus going forward and through its tech-based platform, Smart Institute, The Shahani Group is well-positioned to capture this market. Similar to companies such as OYO, that control the entire ecosystem, Smart Institute owns the entire platform it operates on, leveraging its 100-year heritage for ensuring a quality teaching environment and guaranteed placement services.”

Akhil Shahani, Managing Director, The Shahani Group, stated, “Technology is rapidly transforming the education system in India, along with the professional domain. In light of the increased demand for job-ready professionals with detailed industry knowledge, students today are looking towards Smart classrooms, learning apps, on-the-go learning devices, and more, to gain a competitive edge.”

“This has presented a huge opportunity for investors and entrepreneurs alike, culminating in our 30-cities expansion plan. Furthermore, the faith and confidence of renowned multinational investment bank and financial services holding company JPMorgan Chase & Co. in our initiative is a testament to our credibility and commitment,” he further added.

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