Disclaimer: We may earn a commission if you make any purchase by clicking our links. Please see our detailed guide here.

Follow us on:

Google News

Blackstone Acquires Majority Stake in Online Learning Platform Simplilearn

Meet the voice behind Indo-Asian News Service (IANS), a storyteller navigating the currents of global events with precision and depth. Crafting narratives that bridge cultures, IANS brings you the pulse of the world in every word

Join the Opinion Leaders Network

Join the Techgenyz Opinion Leaders Network today and become part of a vibrant community of change-makers. Together, we can create a brighter future by shaping opinions, driving conversations, and transforming ideas into reality.

Leading investment firm Blackstone on Monday announced that it had acquired a controlling stake in homegrown online learning platform Simplilearn.

Touted as an online Bootcamp for digital economy skills training, Simplilearn was founded in 2010 in Bengaluru and offers over 100 programs to help early to mid-career professionals acquire new-age digital skills across the spectrum.

“We believe Blackstone can add significant value to our company because of their scale, commitment to building businesses and global network, which will enable us to develop partnerships with businesses and universities as Simplilearn continues to expand around the world,” said Krishna Kumar, Founder, and CEO, Simplilearn.

“We would also like to thank our previous investors, Kalaari Capital, Helion Venture Partners, and Mayfield Fund for their undaunted support and trust in our journey of becoming a market leader,” he added.

Earlier this month, Simplilearn announced to onboard five million learners in the next two years on its SkillUp platform.

The company is currently collaborating with educational institutes such as Caltech CTME, MIT Schwarzman College of Computing, UMass Amherst and the Isenberg School of Management, Purdue Online, Jagdish Sheth School of Management and IIT Kanpur, and companies such as IBM, Microsoft, Amazon, Facebook, and KPMG.

“This is Blackstone’s first private equity investment in Asia in a consumer technology company. Simplilearn is a differentiated player in the digital skilling space with premium content created in partnership with marquee university and industry partners,” said Amit Dixit, Head of Asia for Blackstone Private Equity.

Blackstone brings global expertise in education technology, including the partnership with Aakash Educational Services and Byju’s to build India’s largest digitally-enabled omnichannel education company.


Partner With Us

Digital advertising offers a way for your business to reach out and make much-needed connections with your audience in a meaningful way. Advertising on Techgenyz will help you build brand awareness, increase website traffic, generate qualified leads, and grow your business.

Power Your Business

Solutions you need to super charge your business and drive growth

More from this topic