Bengaluru: Bengaluru-based Edutech platform Simplilearn is in talks to raise $100-150 million in a funding round from global investors to raise primary capital for business expansion, according to media reports.
The edtech space is around $117 billion with around 360 million learners in India, as per a report by the Indian Private Equity and Venture Capital Association (IVCA) and PGA Labs. Simplilearn has earlier raised $28 million from Helion Venture Partners, Kalaari Capital and Mayfair Fund, and $3 million from InnoVen Capital.
Simplilearn is an online Bootcamp for digital economy skills training focused on helping people acquire the skills they need to thrive in the digital economy. Simplilearn provides outcome-based online training across technologies and applications in Data Science, AI and Machine Learning, Cloud Computing, Cyber Security, Digital Marketing, DevOps, Project Management, and other critical digital disciplines.
Based in San Francisco, CA, and Bangalore, India, Simplilearn has helped more than one million professionals and 2,000 companies across 150 countries to get trained, acquire certifications, and reach their business and career goals.
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