E-learning Portal Imarticus Raises $1 Mn From A Cluster Of Investors

Mumbai-based Imarticus Learning, a portal that offers certified industry-endorsed courses in financial services, business analysis, business analytics & wealth management, has raised $1 Mn in a funding round from existing investors like Amit Nanavati, investor and entrepreneur (IIMA Alumni), and new investors like Tashwinder Singh, Director– KKR, Anil Gudibande – 1 Crowd Founder/Ex MD RBS, Taranjit Jaswal – Director, Barclays and Amit Khanna – ex KPMG Partner have participated in the fund raise in their personal capacities along with Blinc Advisors, a VC fund based out of Mumbai.

Founded in 2012 by Nikhil Barshikar, Imarticus Learning, offers a comprehensive range of professional financial services and analytics programs that are designed to cater to an aspiring group of professionals who want a tailored program on making them career ready. This is done through a range of bespoke programs delivered through classroom and online learning.

The company has educated over 10,000 individuals globally, managed by a fully integrated online learning management and governance system.

With presence in over 10+ cities in India, Imarticus is sourcing partnerships over 150 firms, which include leading global & domestic banks, consulting, KPO’s, technology & analytics firms.

The raised capital will be used to expand the elearning business in India as well as in the Asian Markets. The goal will be to set up a state-of-the-art technology infrastructure to help scale the retail platform domestically and internationally, focusing initially on the UAE, Hong Kong and Indonesia markets.

With an estimated $100 Bn market size and a growth rate of 18%+, the education sector in India alone is poised to witness major growth in the years. Asia is the second largest market with revenues from elearning products in Asia projected to reach $12.1 Bn in 2018, up from $7.9 Bn in 2013.

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