Simplilearn.com, an online education and training destination for professional certification courses, has raised $10 million in a series B funding round from Helion Venture Partners and existing investor Kalaari Capital.
The funds raised will be used to diversify and expand its course catalog, expand team members in the US, UK, Australia & Middle East to improve customer engagement and brings its platform on mobile devices. The company claims that it is on the course to reach 100 crore revenue mark during 2013-14.
In August 2012, it had raised an undisclosed amount of funding from Kalaari Capital and had announced that it planned to use the funding to expand its current portfolio of certification courses and also to add newer geographies.
Launched in 2009, Simplilearn is a Bangalore based web portal that offers online education and training for professional certification courses. Currently, the company offers 80 courses in Project Management, IT Services Management, IT Security Management, Quality Management, Financial Management, and Technology Certification. It claims to have 500 full time professionals across locations and claims to have trained over over 75,000 professionals across 150 countries, including those from the world’s leading Fortune 500 companies.
Other investments in Education sector
In August 2013, education start-up IndiaCollegeSearch had secured undisclosed amount of funding from Indian Angel Network. This investment round was led by Vikram Kant Upadhyaya, Anupam Mittal and Varun Khurana. Vikram Kant Upadhyaya and Varun Khurana also joined the company’s board. The company provides information on more than 7,021 colleges out of which 1200 of them are maintained by the colleges and 45 of them are paid customers of the website.
In May 2013, online education startup EduKart raised $500,000 from a group of angel and institutional investors including Kima Ventures, AKM Systems, Vibhor Mehra, Amit Patni and Arihant Patni, and an undisclosed Stanford alumni. Existing investors One97 founder & MD Vijay Shekhar Sharma(Founder, One97 Communications) and former Providence Capital director Manish Kheterpal also participated in the round.
In April 2013, Educomp had sold 50% of its stake in IndiaCan, a vocational training business to its JV partner Pearson. In March 2013, online test platform Rank Junction had raised undisclosed amount of money from Indian Angel Network.
In the same month, Education and school products focused e-commerce venture Skoolshop.com had raised series A funding from Blume Ventures & others. E-learning site MeritNation, had also raised Rs 30 crore funding from Info Edge (India) in February 2013, while Pearson had acquired the remaining 20% stake in TutorVista and had appointed Srikanth B Iyer as the new CEO of TutorVista.