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James Murdoch firm invests $600 million in India’s Allen Career Institute

Bodhi Tree is taking a $600 million stake in Allen Career Institute as James Murdoch and former Disney executive Uday Shankar’s investment platform expands its bet on India’s growing edtech market, they said Sunday. The duo said their investment in the 33-year-old education brand, which operates 138 classroom centers in 46 cities in India and Middle East, is strategic in nature.
Allen, which helps prepare students looking to crack prestigious exams such as IIT JEE Mains & Advanced, NEET-UG, KVPY, and the Olympiads, said it will work with Bodhi Tree to further develop its test-p

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