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Exclusive: Day care chain IPSAA Holdings stitches strategic deal

Day care chain IPSAA Holdings Pvt. Ltd has acquired a controlling stake in a rival firm as the two companies look to tap into the burgeoning sector driven by a rising number of working professionals, founders of both the companies told News Corp VCCircle. India's pre-school or child care market has seen some private equity (PE) activity in the past few years, but a lot of potential remains untapped as the sector is largely unorganised. The organised segment of the market accounts for only 22% and is expected to grow to 29% by 2020, according to a report by CRISIL....

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