Bangalore based e-learning startup Simplilearn has raised $10 mn in series B funding from Helion Venture Partners and Kalaari Capital. With the new funds, the company will diversify its course catalog to add more categories, improve customer engagement and add local teams in international markets.
The company is on course to reach Rs 100 cr in revenues this financial year, it said.
Simplilearn offers online training, blended classroom training and exam practice tests in over 80 courses across 11 major categories.
The company, founded in 2009 as a blog, has trained over 75,000 professionals in over 150 countries around the world.
Simplilearn was initially a blog that shared ideas on project management and offered PMP aspirants information about certification and professional training. In April 2010, Simplilearn introduced a “blended model” approach to PMP training, offering courses online and in the classroom.
The site now covers project management, Agile and Scrum Certification, IT Service Management, Big Data and Cloud Computing, IT Security Management, Finance Management, Quality Management, SAP Certification, CompTIA Certification, Microsoft Certification, and Cisco Certification.
Kalaari capital had invested in the company last year. “Simplilearn has grown at a rate of 400% and has outpaced that growth since our investment early last year,” said Rajesh Raju, Managing Director, Kalaari Capital.