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Bangalore-based online professional certification platform, Simplilearn, has raised an undisclosed amount of investment from The Times Group’s Brand Capital. The two have also entered into a strategic collaboration.
Krishna Kumar, founder and CEO of Simplilearn said that their partnership with the Times Group will help them reach a much wider pool of aspiring white-collared workers.
Founded in 2009 by Krishna Kumar, Simplilearn, offers a multitude of training and IT certifications in areas like advanced cloud computing and six sigma, through a combination of online classes and in-person workshops. The company offers over 200 courses through its network of over 2,000 qualified trainers. It provides professional skilling courses in areas such as digital marketing, data sciences, project management, and IT Infrastructure.
Simplilearn claims to have already trained over 4 lakh people in the last six years and is training about 20,000 new users every month.
Before this, the startup had raised $15 Mn in series C funding led by Mayfield Fund, along with participation from Kalaari Capital and Helion Venture Partners.
The Edtech space is experiencing great traction. Just today, edtech startup Oliveboard has raised an undisclosed amount of funding from India Educational Investment Fund (IEIF). While in March this year, Bangalore-based, Byju and HashLearn and Mumbai-based Testbook raised fundings. Byju raised $75 Mn from Sequoia India and Sofina, while HashLearn raised an undisclosed amount of funding from Flipkart co-founder Binny Bansal and Testbook raised an undisclosed amount from publishing house S. Chand and Company. Other players in this segment include Avagmah, Meritnation, Englishleap, etc.
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