Vinted, a portfolio company of BurdaPrincipal Investments, the growth capital arm of Hubert Burda Media, announced a €128 million Series E funding round.
BurdaEducation, one of the world's largest producers of textbooks and teaching materials, is now relaunching with a new presence and strengthened team. The company's field of activity goes beyond pure production and also includes the support of design, production, delivery and distribution processes in the area of textbooks and teaching materials. BurdaEducation’s position as market leader in this field is also based on the willingness to share the expertise it has built up over the years in workshops and training sessions as well as on the comprehensive customer advice provided.
"Education is the cornerstone of development. We are proud to make an important contribution with our products, especially in India and Africa. At the same time we can use our expertise and offer our customers high quality and reliable service - a partnership that pays off for both sides,"
Martin Weiss, Burda Board Member
Burda has been active in the textbook sector with products and services out of its New Delhi site since 2010. With its modern printing facilities in India and Europe as a basis, the company has supplied millions of students with high-quality materials. Today BurdaEducation has offices in Munich, New Delhi, Kigali, Paris and Washington DC. In 2017, new orders were won from countries like India, Congo and Tanzania as well as other African nations.
The international business acquired by BurdaDruck in 2016 will be managed by CEO Massimo Monti. Director Mamadou Goundiam is in charge of the rapidly growing African business within the unit - in his responsibility an additional location is currently being established in Dakar, the capital of West African Senegal, in order to reach even more customers from there.