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Edu-tech platform Udemy raises Rs 371 cr in funding

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Funding

Edu-tech platform Udemy has raised Rs 371.2 crore from global edu-tech and growth funds including Learn Capital.

Pre-money valuation refers to the value of a company without including external funding or the latest round of funding.

“The funds raised from leading global ed-tech and growth funds, including Learn Capital will enable the company to continue to grow its consumer and business product offerings to serve the world’s learners, organisations, and instructors,” a statement said.

Also read: Ed Tech firm Udemy set to raise $100 million in funding

Udemy CEO Gregg Coccari said this year upended everything about how one lives and works, and people everywhere turned to online learning to help them meet new challenges.

“We are perfectly positioned to meet these demands and help drive success for individuals, businesses, and governments,” he added.

As countries enacted stay-at-home advisories and national closures, course enrolments across the entire Udemy marketplace platform increased more than 425 per cent, consumption across Udemy for Business surged 90 per cent, and the company saw a 55 per cent increase in course creation by instructors.

Headquartered in San Francisco, Udemy has offices in Denver, Brazil, India, Ireland, and Turkey. Its investors include Insight Partners, Learn Capital, Prosus, Norwest Venture Partners, Stripes, and Benesse Holdings.

Currently, 35 million students globally learn from 57,000 instructors who collectively teach over 1,30,000 courses via Udemy.

Powered by the Udemy marketplace, Udemy for Business is designed to serve the next generation of workplace learners. With subscription access to a collection of 7,000 relevant courses on the most in-demand skills, customers can upskill their workforces and harness learning to drive business performance.

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