Bangalore based online education platform,Simplilearn which provides professional certification courses has raised close to INR 90 crore from Mayfield India with participation from existing investors Kalaari Capital and Helion Ventures.
As per a DealCurry report, more than half of the amount was invested by Mayfield while Helion invested INR 25 crore and Kalaari put in INR 20 crore at a pre money valuation of around INR 400 crore. It had previously raised USD 10 million in series B round led by Helion Venture Partners and its existing investor Kalaari Capital. In 2012, Kalaari had also invested an undisclosed amount in Simplilearn.
Launched in 2009 by Krishna Kumar, Simplilearn provides a suite of professional certification courses, trained about 2 lakh users and conducts 500 unique classes every month. It has a number of courses across multiple categories and intends to add 200 more courses with over 3500 hours of HD eLearning content. The company has presence in 150+ countries and grossed INR 100 crore in revenues last fiscal.
In December 2014, Bangalore-based online education startup SuperProfs, which offers online courses for competitive exams like CA, CS and GATE etc., had secured USD 3 million (INR 18 Cr) in Series A round led by Kalaari capital and IDG Ventures India. In March last year, a Delhi based education marketplace, GradeStack has raised an undisclosed amount of funding from Times Internet.
Apart from this, Hyderabad-based SkillPro had also secured INR 18.3 crore from the National Skill Development Corporation in debt funding.
Image Source: simplilearn.comCategory Business Investments