Gaja Capital Acquires Stake in Sports Education Firm KOOH
India’s private equity fund Gaja Capital has reportedly acquired a significant minority stake in sports education and training company KOOH Sports. The deal was worth Rs 75 crore ($10 million).
Following the acquisition, Gaja will invest through a mix of primary and secondary stake buy, where a few of the existing investors will make a part exit. Existing investors altogether carry a 70% stake in the company and the rest is held by promoters.
KOOH that stands for kids-out-of-home was launched in 2010 by founders of Intelenet Susir Kumar and Prabhu Srinivasan. The company offers sports education to 2,00,000 children across India currently. It has existence across 50 cities.
"Youth sports is a $20 billion business globally and we believe it to be at an inflection point in India. As In...