Venture capital firm Sequoia Capital is bullish about the education sector in India. The company, which has so far invested in three entities in this field, is looking at more opportunities to cash in on the education boom in the country.

“The education sector offers tremendous investment potential. The sheer size of the Indian market makes it attractive for us. Though there are challenges, we are looking to partner more companies in this sector,” KP Balaraj, managing director, Sequoia Capital India, said.

Sequoia’s first two investments in the education sector were in Brainvisa and TutorVista, wherein it put in less than $10 million each.

The company, along with Song Advisors, has recently invested $15 million into K12 Techno Services, a firm that manages a network of over 60 schools owned by Hyderabad-headquartered Gowtham Educational Institutions.

The funds would be utilised for expanding Gowtham’s network of model schools across India. K12, which manages the network, is responsible for the education of more than 43,000 students and has a teaching staff of 2500.

“We see K12 as a pioneer with a capital efficient model addressing a large market opportunity. It is a potential market leader in affordable education,” Balaraj said.

The school management firm plans to more than triple the number of institutions it manages in the next three years. “We are optimistic about companies that we have invested in and look for a mutually beneficial relationship with our partners,” Balaraj added.