Imarticus Learning, a financial services and analytics training institute, has announced the completion of its primary funding process with an undisclosed amount. Managed by a fully integrated online learning management and governance system, thus far, Imarticus has trained 10,000+ individuals globally.
For this funding, it received support from existing investors like Amit Nanavati, Investor and entrepreneur (IIMA Alumni), as well as new investors like Tashwinder Singh, Director – KKR, Anil Gudibande – 1 Crowd Founder/Ex MD RBS, Taranjit Jaswal – Director, Barclays and Amit Khanna – ex KPMG Partner who participated in the fund raise in their personal capacities, along with Blinc Advisors, a VC fund from Mumbai.
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Nikhil Barshikar, Founder & Managing Director, Imarticus Learning, said that they are extremely excited to work with such a storied set of investors and advisors. He further added, “We are empowered by their confidence in our mission to become a leading force in professional education in Financial Services and Analytics. Further, I believe that together we can cater to the massive skill gaps in the industry.”
This round of funding will be used to expand the product portfolio and the e-learning business in India as well as in the Asian Markets. The goal is to set up a state of the art technology infrastructure to help scale the retail platform domestically and internationally, focusing initially on the UAE, Hong Kong and Indonesia markets.
Imarticus Learning has been aggressively expanding its product portfolio in Finance and Analytics for its B2C segment while building out a comprehensive B2B portfolio, which includes Staffing, Agile Hiring and Corporate Training. It has developed over twenty programs available through offline and online delivery channels.
With an organization strength of over a 100 professionals, domain specialists and training and sourcing partnerships with over 150 global firms, the firm is well on its way to build Centers of Excellence in both finance and analytics, catering to the aspirations of fresh graduates as well as experienced industry professionals who are looking to upgrade their skills.
“The Financial services and Analytics space has always faced a massive skill gap due to the difference between academia and industry requirements. People are the products in the service industry and building industry relevant programs that are accessible across technology platforms are key to bridging the gap and helping companies meet their human capital requirements efficiently. I am very excited to be associated with them and invest in the future of professional education,” said Amit Ratanpal, Blinc Advisors on the announcement on the investment.
Headquartered in Mumbai, with presence in more than 10 Indian cities, Imarticus has won many awards and accolades, including Top Analytics Provider and Leading Institute in India.
This investment is a significant and intelligent step as the education sector in India alone is poised to witness major growth in the upcoming years, with an estimated $100 billion market size and a growth rate of more than 18%. Moreover, Asia is the second largest market with revenues from eLearning products in Asia projected to reach US$12.1 billion in 2018, up from US$7.9 billion in 2013.