Blackstone's $250 mn to make Simplilearn world's top digital skills co: CEO

The firm, which is already global, will use the funding to double down in its primary markets such as the US and India and expand in Europe and LatAm

Private equity giant Blackstone is investing $250 million in edtech startup Simplilearn. Blackstone said that private equity funds managed by it have entered into a definitive agreement to acquire a controlling stake in Simplilearn Solutions Pvt Ltd, a leading online learning ‘bootcamp’ based in India offering digital skills training and courses to working professionals all over the world. The company declined to reveal the valuation. But according to sources, the funding has increased the valuation of Simplilearn more than four times to $350 million.

This is a primary and secondary transaction where investors such as Kalaari Capital, Helion Venture Partners,