Imarticus Learning has raised $2 million in a Series B round from venture capital fund CBA Capital, with the edtech company set to scale its blended learning footprint in India and abroad.
The Mumbai-headquartered startup said the fresh capital will be deployed to expand international operations in Dubai, Africa and Manila, and to establish new institutes in Ahmedabad, Kolkata and Indore. The company currently offers online and classroom-based programmes in financial services, investment banking, IT, business analytics and wealth management.
“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,” said Vishal Bharat, Founder and Director, CBA Capital.
Co-founder Nikhil 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.” Imarticus Learning was founded in 2012 by Barshikar and Sonya Hooja.
Imarticus Learning: Funding history
- 2016: Raised $1 million from Blinc Advisors and high net-worth individuals.
- 2013: Closed a seed round of ~$700,000 from Anil Gudibande (Co-founder, 1Crowd), Tashwinder Singh (Director, KKR Capital) and Taranjit Jaiswal (Director, Barclays).
With the latest infusion, Imarticus Learning plans to deepen its hybrid (online + classroom) model and widen geographic reach through new city institutes and overseas operations. The company’s stated focus remains up-skilling and cross-skilling for careers in finance, technology and analytics.
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