Imarticus Learning, a platform offering certified industry-endorsed courses, has raised a round of funding from a bunch of investors. These include: Amit Nanavati, Investor and Entrepreneur; Tashwinder Singh, Director, KKR; Anil Gudibande, 1 Crowd Founder/Ex MD RBS; Taranjit Jaswal, Director, Barclays; and, Amit Khanna, Ex-KPMG Partner. The newly raised capital will be used to expand the eLearning business in India as well as in the Asian Markets.
Nikhil Barshikar, Founder and MD, Imarticus Learning, said, “The company has been aggressively expanding its product portfolio in Finance and Analytics for its B2C segment while building out a comprehensive B2B portfolio, which includes Staffing, Agile Hiring and Corporate Training. It has developed over 20 programmes available through offline and online delivery channels. The B2B portfolio has corporate training, train and hire mandates and management development.”
With an estimated $100 billion market size and a growth rate of over 18 per cent, the education sector in India alone is poised to witness major growth in the years. Asia is the second largest market with revenues from e-Learning products in Asia projected to reach $12.1 billion in 2018, up from $7.9 billion in 2013. 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.