E-learning startup Simplilearn which raised $10 mn in series B funding from Helion Venture Partners & Kalaari Capital last month, is on track to reaching Rs 100 cr in revenues this year and is also looking to acquire companies that have a good content base in the learning space, the company’s founder & CEO Krishna Kumar told NextBigWhat.
“In the last 3 years, we’ve been growing almost 300-400%…we’ve got customers from 150 countries so now we need to prioritize. US and Australia is important for us,” said Kumar, a second time entrepreneur who founded the company in 2009.
“We looked at venture finance so that we could get more confidence to invest,” he added.
Simplilearn offers a combination of online training, blended classroom training and exam practice tests in over 80 courses across 11 major categories. “Our aim is to be a training platform for anything that requires a certification from a third party,” he said. Nearly 80% of the company’s revenues come from US & India and the balance comes from rest of the world.
The company started off as a blog which Kumar used to write in his spare time after selling his first startup. In the last 6 months or so, Kumar has been hiring hundreds of people and scaling up the company.
Next up: An interview with Kumar on various aspects of starting up such as hiring, raising money when you don’t need it and how he discovered the opportunity accidentally.
Recommended Read: Digital Education is the New e-commerce