Simplilearn
Simplilearn cuts Ebitda losses by 75% as FY24 revenue reaches Rs 773 crore
The company's strategic emphasis on high-demand products within key growth markets has effectively addressed the evolving skill enhancement needs of professionals
 "Simplilearn cuts Ebitda losses by 75% as FY24 revenue reaches Rs 773 crore")
Upto 60% jump in IT employees taking courses to avoid a possible layoff
With AI and machine learning dominating the discussion in the space, many employees are taking these courses in order to stay ahead of the curve and maintain their relevance
 "Upto 60% jump in IT employees taking courses to avoid a possible layoff")
Ed-tech firm Simplilearn plans acquisitions, expansion amid funding winter
Blackstone-backed company plans 40% growth in FY24 to turn profitable, says senior executive
 "Ed-tech firm Simplilearn plans acquisitions, expansion amid funding winter")
Indian edtech major Simplilearn trains its sights on boot camps
The Indian edtech major is gearing up to compete with global majors in the space
 "Indian edtech major Simplilearn trains its sights on boot camps")
Simplilearn raises $45mn in new funding round led by GSV Ventures
Start-up added more than more than 120,000 paid learners in the past year
 "Simplilearn raises $45mn in new funding round led by GSV Ventures")
Simplilearn to add 800 staff this year in India, international markets
The hiring is a part of the company's plans to strengthen its teams in India and overseas markets to address the burgeoning demand for reskilling and upskilling, Simplilearn said in a statement
 "Simplilearn to add 800 staff this year in India, international markets")
Edtech firm Simplilearn bolsters top leadership with two key appointments
Mohit Yadav, IIM-Indore alumnus with 12 years in sales across verticals, joins as VP-growth; project management exec Sujoy Ghosh takes over as VP-product
India's leading edtech firms announce formation of self-regulatory body
The India EdTech Consortium (IEC) under the aegis of IAMAI, will ensure that every learner shall have access to quality and affordable education
 "India's leading edtech firms announce formation of self-regulatory body")
Simplilearn's enterprise arm on track to build $100 million revenue by 2023
Key growth driver for Simplilearn is its strong strategic ties, with two-thirds of its enterprise business from multi-year deals that are half a million dollars or more in size
Simplilearn completes first ever ESOP buyback worth Rs 48.74 crore
The buyback was undertaken as part of the recent investment by Blackstone earlier this year
Simplilearn completes maiden ESOP buyback worth Rs 48.7 crore
The buyback was completed earlier this month. The company has over 1,600 people
 "Simplilearn completes maiden ESOP buyback worth Rs 48.7 crore")
Explained: Why founders of Simplilearn chose fundraising over outright sale
Like many edtech players, Simplilearn decided to raise some money in 2020 to fund its expansion plans
 "Explained: Why founders of Simplilearn chose fundraising over outright sale")
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
Simplilearn, AICTE join hands to skill students in tech education
The collaboration will focus on upskilling higher education students from Indian engineering and technical institutes
 "Simplilearn, AICTE join hands to skill students in tech education")
Simplilearn sees huge demand from professionals to upgrade skills
The edtech firm is doubling down on global expansion in markets such as the Middle East, Africa and the Far East, and expects to cross Rs 500 crore revenues in FY2020-21
 "Simplilearn sees huge demand from professionals to upgrade skills")
Technology at workplace: 65% companies lack road map for digital skilling
Motivation remains key in the quick adoption of upskilling and reskilling programs.
 "Technology at workplace: 65% companies lack road map for digital skilling")
Online course provider Simplilearn eyes B2B clients for profits in FY18
Simplilearn, an online platform that aids reskilling of technology workers, has pivoted to serve more business clients rather than individuals seeking to get certified in new technologies as the cost of consumer acquisition has hit unsustainable levels.The Bengaluru-based firm says it is far cheaper to tap corporates who are looking to re skill existing workers, as they look to redeploy the same workforce rather than hiring new people. Businesses also drive bulk purchase of its online courses and have shown the tendency to be repeat customers."If you look at most of the consumer facing companies, their biggest problem is cost of customer acquisition. Most of the money is taken away by Google, to the extent that it's become unsustainable if someone is only looking at doing paid marketing to get customers," said Krishna Kumar, founder and CEO of Simplilearn.While the company continues to serve individual customers, it has shifted its focus from onboarding new customers to reaching out .
