Noted professional education platform Imarticus Learning raised $2 million in Series B funding from education-focused venture capital fund CBA Capital. According to a statement sent by the company, this funding would be used to further Imarticus Learning’s vision of becoming India’s largest professional education institute, as well as creating a global footprint by bridging the gap between the industry and academia.
Imarticus Learning spokesperson added that they would be using the funds towards expanding their international operations while also strengthening its stronghold in cities like Mumbai, Delhi, Hyderabad, Bengaluru, Chennai, and Pune, where they are currently present.
Nikhil Barshikar, MD at Imarticus Learning, said in a statement, “We are thrilled to partner with CBA Capital and successfully close this round of funding. The funding will not only boost the brand’s status as a leading ed-tech company but also help us take it to the next level of growth. As a well-established investor in the education sector, CBA Capital understands its potential as well as the challenges faced by the industry. That is precisely why the trust bestowed by them assumes greater importance for us as we know and highly regard CBA as an organisation which is an active, and influential player in the domain. Apart from being able to leverage their guidance and mentorship, the capital infusion will enhance our ability to reach out to students all over the world and bring us one step closer to redefining the relevant-skill based training landscape globally.”
Imarticus Learning has trained over 30,000 students globally and aims to skill 55,000 students by 2020. They have also worked with over 200 corporates across the globe, helping facilitate management training and reskilling programs for their employees. Now, expanding their presence across both domestic as well as international geographies will be a key focus for the company during the 2018-2019 period. They are planning to establish their institutes Ahmedabad, Kolkata, and Indore.