Imarticus Learning raises $2 million in Series B funding

New Delhi: Imarticus Learning, which offers online and classroom-based educational teaching, has raised $2 million in a Series B funding round from venture capital fund CBA Capital. Founded in 2012 by Barshikar and Sanya Hooja, Imarticus focuses on providing online learning in financial services, investment banking, IT, business analytics and wealth management through online and classroom learning.

Imarticus plans to utilize the funding to focus on expanding its international operations in Dubai, Africa, and Manila and establish institutes in cities like Ahmedabad, Kolkata and Indore.Imarticus claims to have trained over 30,000 students from the Middle East, Africa and Southeast Asia, and aims to target 55,000 students globally by 2020. The startup targets a growth run rate of 100% in the next two years, Barshikar said.

Other players in edutech include startups like Byju’s (Think and Learn Pvt. Ltd), Unacademy (Sorting Hat Technologies Pvt. Ltd) and Upgrad.

Mumbai-based Imarticus Learning has worked with 200 corporates across the globe by offering training and re-skilling programs, it said. It plans to open its second institute in Delhi, with the increasing demand for the financial services and analytics course. Imarticus Learning is currently present in Mumbai, Delhi, Hyderabad, Bengaluru, Chennai and Pune.