Mumbai, March 3rd, 2016: Imarticus Learning is pleased to announce the completion of its primary funding process to fulfill its vision in becoming India’s leading player in Finance and Analytics professional education. Existing investors like Amit Nanavati, Investor and entrepreneur (IIMA Alumni), and 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 have participated in the fund raise in their personal capacities along with Blinc Advisors, a VC fund based out of Mumbai.
“We are extremely excited to work with such a storied set of investors and advisors and empowered by their confidence in our mission to become a leading force in professional education in Financial Services and Analytics and hope, together, we can cater to the massive skill gaps in the industry”
-Nikhil Barshikar, Founder & Managing Director, Imarticus Learning.
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 off-line and online delivery channels. The B2B portfolio has corporate training, train and hire mandates and management development.
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 which will cater to the aspirations of fresh graduates as well as experienced Industry professionals who are looking to up skill.
With an estimated $100 billion market size and a growth rate of 18%+, the education sector in India alone is poised to witness major growth in the years. 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.
The total fundraise is USD $1 million. 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 will be 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.
“The Financial services and Analytics space has always faced a massive skill gap due to the widening gap between what is taught and what the role requires, and we expect this to only worsen. People are the product in the service industry and firms like Imarticus Learning, who study requirements and build relevant industry relevant programs that are accessible across technology platforms pan India and globally, 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.”
- Amit Ratanpal, Blinc Advisors
About Imarticus Learning (www.imarticus.org)
Imarticus Learning was formed with an aim to become India’s leading Financial Services and Analytics professional education company. The company empowers individuals and large organizations in meeting their human capital and skillset requirements through a range of bespoke programs delivered through classroom and online learning. Imarticus has educated 10,000+ individuals globally, managed by a fully integrated online learning management and governance system.
Over the last three years, Imarticus has also emerged as the preferred sourcing, training and skill development partner for over 150 firms, which include leading Global & Domestic Banks, Consulting, KPO’s, Technology & Analytics firms. Founded by industry experts, Imarticus is headquartered in Mumbai, and has presence in over 10+ cities in India, with a headcount of 100+ employees. Imarticus has won many awards and accolades, including Top Analytics Provider and Leading Institute in India.