Imarticus Learning, a Mumbai-based edutech startup, recently announced that it has raised a sum of $2 million in Series B funding from CBA Capital. The company has a professional education platform and offers both classroom-based and online learning in fields such as investment banking, financial services, business analytics, IT, and wealth management.
Imarticus Learning previously raised a sum of $1 million from Blinc Advisors and HNI individuals in the year 2016. In 2013, the company raised around $700,000 from Mr. Anil Gudibande, who is the co-founder of 1Crowd, Mr. Taranjit Jaiswal, who is employed as a director at Barclays, and Mr. Tashwinder Singh, who is employed at KKR Capital as a director.
The company plans to use its current funding to expand its international business operations in Africa, Dubai, and Manila. Further, Imarticus Learning is also looking to establish institutes in various Indian cities such as Kolkata, Ahmedabad, and Indore.
Imarticus Learning claims that it has trained more than 30,000 students from Africa, the Middle East, and Southeast Asia. The company is targeting to train at least 55,000 students worldwide by the year 2020.
The edutech startup has partnered with around 200 companies across the world by offering re-skilling and training programs. It is currently planning to open a second institute in Delhi, given the increasing demand for analytics and financial services courses in the area. At present, the company has a presence in Delhi, Mumbai, Bengaluru, Hyderabad, Pune, and Chennai.
Sources: Livemint, Moneycontrol, The Economic Times