Edusys, a company that focuses on education training and certification, has raised $7.5 million from Sequoia Capital. This is the first round of funding for the company, and it intends to utilise the raised amount for expanding its business through new product introductions and for strengthening its core team and technology platform.
Edusys offers specific courses and test preparation modules, online and classroom courses and assessment, across various streams including courses in project management, six sigma certifications, risk management training, negotiation skills training, PRINCE2 Foundation and Practitioner certifications, HR, and others, which according to the company are recognized by institutions like Project Management Institute, Pennsylvania, USA; Human Resources Certification Institute, Alexandria, Virginia, USA, and APMG International, Buckinghamshire, UK, among others . It runs different online properties related to each program. It also offers a test prep vertical, MyCATStudy.com, targeted at MBA aspirants preparing for CAT.
Founded in 2004, Edusys has offices in US, UK, Australia, Singapore and India, and claims to to have a customer base of 3500 companies across the world with 100,000 students from over 150 countries completing courses and certification programs through the company’s education delivery model.
Another player that offers a virtual education delivery platform is Edukart; offering courses in Retail Management, Finance Management, Project Management, Digital Marketing, Software Engineering, and Entrepreneurship, among others. iProf Learning Solutions India, another e-learning company that offers a personal education tablet device and runs a chain of Wi-Fi-enabled e-learning centers across India, had also raised Rs.22 Crores in Series A funding from Norwest Venture Partners (NVP) and IDG Ventures India (IDGVI),