The company intends to use the capital to expand its reach into 100 villages, reaching out to more than 5,000 children and employing nearly 300 women by June 2012.
Led by CEO Umesh Malhotra, Hippocampus Learning Centres (HLC) focuses exclusively on the 700 million rural Indians with the aim of improving the learning of children. It establishes learning centres in villages offering preschool and after school programs to age groups from 3 years to 10 years with the aim of improving a child’s capacity to learn and do better in school.
The fees at these centres are between Rs.60-Rs.100 (USD$1-$2) per month. HLC hires woman from the local community as teachers, trains them to run the centres and provides them ongoing support.