BackSimplilearn Solutions raises $10 million
Simplilearn has raised the funds from Helion Venture Partners and Kalaari Capital
Premium(Pradeep Gaur/Mint)
Mumbai: Simplilearn Solutions Pvt. Ltd, a provider of online training and professional certification courses, has raised $10 million from Helion Venture Partners and Kalaari Capital.
The funding will help the company diversify and expand its course catalogue to add more categories, focus on improving customer engagement by adding local team members in the US, the UK, Australia and West Asia, and enhance its technology platform to make courses available on mobile devices. The company expects to generate revenue of ₹ 100 crore in 2013-14.
“We offer easy and convenient online, classroom and blended training programs across the globe. There is no single company that helps young professionals effectively prepare for a gamut of certification exams," said Krishna Kumar, chief executive, Simplilearn.
“The approach of being solely focused on certification courses gives it a unique edge, and opens up a large addressable market," said Rahul Chowdhri, director, Helion Advisors Pvt. Ltd.
Bangalore-based Simplilearn has so far trained at least 75,000 professionals across 150 countries. It was launched in 2009 as a blog that shared ideas on project management and offered project management professionals information about certification and professional training.
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