Why is SImplilearn looking at another round of funding?

Simplilearn is another very popular and fast growing edutech platform which is now planning to raise $100-150 million in funding from global investors. The idea is to give a partial exit to original investors and to also raise some capital for expansion of its education franchise. The funding round is anticipated to be closed at a valuation of $700 million. Simplilearn trains in cloud computing, cybersecurity, data science, digital marketing, and project management.

The company is looking at a combination of infusion from global and domestic investors. In the last few months, many local and global investors have started getting interested in edtechs as an investment opportunity, especially since online education has boomed in a big way. The overall market for online education market size is estimated at $117 billion.

There are already 36 crore online learners in India and the space has already seen a jump of over 300% in the last 1 year alone. While Byju’s and Unacademy are the bigger and better known names, there are a total of 92 edutech start-ups that have raised funding in the last one year. Earlier Simplilearn had raised $28 million from Helion and Kalaari.