Simplilearn, an online bootcamp for digital economy skills training claims to have reported 50% YoY revenue growth, soaring from Rs 465 crore in FY22 to Rs 701 crore in FY23. In the current fiscal year, Simplilearn claims to have achieved significant milestones with the acquisition of Fullstack Academy, a United States (US)-based bootcamp education company. A fundraising round led by GSV Ventures, a multi-stage venture capital firm, has further propelled the company’s global growth, according to an official release.
The company claims to offer digital skilling programmes for professionals, allowing learners to upskill and receive certifications in rapidly growing digital domains. Collaborating with industry giants like IBM, Microsoft, AWS, Google and educational institutions such as Caltech CTME, MIT Schwarzman College of Computing, UMass Amherst, Isenberg School of Management, Purdue University, Wharton Online, IIT Roorkee and IIT Kanpur, the release mentioned.
“Our strategic efforts, harmonising the realms of academia and industry, deliver unparalleled hands-on learning experiences, evident in our remarkable year-over-year growth of 50%. Our commitment to excellence is further underscored by optimising our losses from 35-29%,” Krishna Kumar, founder, CEO, Simplilearn, said.
Simplilearn claims to have conducted more than 3,000 live classes, attracting an average of one lakh learners who collectively invest more than five lakh hours each month on the platform. The range of programmes offered by Simplilearn aims to empower learners to upskill and obtain certifications in sought-after domains, as per the release.