Gurgaon-based Vega Schools to pump in Rs. 200 crore for local expansion.

The Gurgaon-based Vega Schools is looking at investing about Rs. 200 crore over the next five years to expand its footprint in India and is introducing a customised approach to education in the country.

The school chain was started this year by Steven Edwards, former advisor to the White House, World Bank and United Nations on education and Sandeep Hooda, a first generation entrepreneur. Its first school which the founders call an 'exemplar', is a middle school which will roll out its first session in April 2016. Vega Schools is primarily following the national curricullum framework based on CBSE guidelines. 'The gaps in these standards have been plugged in using US and UK standards,' said Hooda .

The two founders are infusing the initial Rs. 200 crore and claim to have admitted over 100 students. Further, the duo is looking at raising additional Rs. 100 crore in the next year for expansion.

ET