The edutech startup Imarticus Learning has raised $2 million in a Series B funding round from venture capital fund CBA Capital. The startup offers online and classroom-based educational teaching.
Imarticus Learning will utilise the series B capital towards expanding its international operations in Dubai, Africa, and Manila and for establishing institutes in cities like Ahmedabad, Kolkata and Indore.
The company was founded in 2012 by Nikhil Barshikar and Sonya Hooja. It provides learning in financial services, investment banking, IT, business analytics and wealth management through online and classroom learning.
In 2016, Imarticus Learning had raised $1 million from investor Blinc Advisors and high net-worth individuals. While, in 2013, the company raised a seed round of nearly $700,000 from Anil Gudibande, Co-founder of 1Crowd; Tashwinder Singh, Director at private equity firm KKR Capital; and Taranjit Jaiswal, Director at Barclays.
Vishal Bharat, Founder and Director at CBA Capital, said, "At this juncture, Imarticus needs sustained support to achieve its full potential in scaling both online and offline platforms to register massive growth. With the right resources, Imarticus Learning can accelerate its journey as a global leader in the tech-based up-skilling and cross-skilling domain."
Barshikar said, "The funding will not only boost the brand’s status as a leading edutech company, but also help us take it to the next level of growth."
