Edusys Rakes in Rs. 37 Crore inFirst Round of Funding
Date: Monday , March 05, 2012
Global education training provider Edusys raised 37 crore from leading venture firm Sequoia Capital in the first round of funding to expand its business through product introductions and strengthen its core team. With a customer base including 3,500 firms worldwide and students from 150 countries, this tech hub based Edusys offers specific courses and tests to professionals for bettering career prospects. "Edusys' robust learning management system and sound back office processes have benefitted over 100,000 students from the world over since its inception in 2004.
The company has also created a technology platform and business model to offer quality courses on a virtual delivery model that is cost effective and scalable. "The test prep and certification market is a $48 billion global industry and we see tremendous opportunity for growth and we have created a technology platform and business model that is capable of delivering high quality courses on a virtual delivery model that is cost effective and highly scalable. The courses are designed to provide maximum flexibility to students with innovative training styles and ease in accessibility," said Tridibesh Satpathy, CEO, Edusys. The company plans to double its workforce to 250 the coming year and is looking forward to acquire high quality talent.
Global consulting and research firm Deloitte ranked Edusys as the fifth fastest growing firm with a whopping 650 percent cumulative growth over the last three years. Edusys courses are recognised by global institutions such as Project Management Institute in the US and APMG International in Britain.
"We create industry hallmarks like knowledge enrichment, skill sharpening, and competitive edge through online and classroom courses and tests," added Satpathy.