French childcare group Babilou has acquired a majority stake in a Chennai-based chain of early education centres Amelio Early Education as part of its foray into the Indian market.
The quantum of the deal couldn’t be ascertained.
Following the investment, the childcare group will increase its footprint in India through Amelio, which operates 14 centres with the help of around 220 employees. The startup also claims to be catering to the needs of nearly 1,200 parents.
In exchange, Amelio aims to spruce up its presence and enhance its offering in India via Babilou’s platform.
Founded in 2008, by Sridevi Raghavan, Amelio Early Education is a day-care centre and preschool that currently operates in Chennai and Bengaluru.
With 24*7 monitoring through CCTV surveillance, Amelio claims to provide 1:3 teaching ratios for infants and 1:6 for children.
On the other side, Babilou was launched in 2003 by Rodolphe and Edouard Carle, It has a network of over 520 childcare centres in countries like Germany, Belgium, Luxembourg and the UAE.
Also Read: Baby care startup MamaEarth raises $1 Mn from Fireside Ventures
Serving children under the age of three, Babilou primarily runs company-owned and operated nurseries serving corporate clients and municipalities. It also manages municipally-owned public facilities.
According to TechSci Research report, “India’s preschool/childcare market in India is forecast to grow at a CAGR of around 23% during 2017 – 2022. Factors like rising parent concerns and awareness about early childhood education and care, coupled with increasing number of nuclear families and working women population are expected to contribute to the growing demand for preschool/child care centers in the country over the course of next five years.
The development was reported by TOI.
