Latest news with #NikhilBarshikar
Entrepreneur
5 days ago
- Business
- Entrepreneur
Imarticus Learning Acquires MyCaptain in INR 50 Cr Deal
With this, Imarticus Learning has marked its fourth acquisition in the last four years, further accelerating its growth journey and strengthening its leadership in the education sector. You're reading Entrepreneur India, an international franchise of Entrepreneur Media. Professional education leader Imarticus Learning has acquired edtech startup MyCaptain for INR 50 crore (approx. USD 6 million), marking its fourth acquisition in the past four years and further cementing its leadership in India's upskilling landscape. This strategic acquisition significantly expands Imarticus Learning's workforce to over 850 employees and brings in a dynamic team of ex-founders from MyCaptain, boosting the company's senior leadership with fresh entrepreneurial talent. The move aligns with Imarticus Learning's broader vision of reaching 5 million learners over the next three years, with a strong focus on deepening its presence in Tier II and Tier III cities. Nikhil Barshikar, Founder and CEO of Imarticus Learning, highlighted, "Our collaboration with MyCaptain marks a pivotal step in strengthening Imarticus' vision to be the lifelong career partner for learners across their journey. What Zeeshan, Ruhan, and Sameer have built with MyCaptain is a company rooted in strong values, vision, and real-world impact. We're thrilled to welcome them into the Imarticus family as we shape the next phase of growth together." Barshikar further added, "While previous acquisitions have helped us diversify our portfolio and address evolving learner needs, with MyCaptain, we aim to deepen accessibility in non-tech career domains and significantly expand our reach in Tier II+ cities." Founded in 2012, Imarticus Learning is a Mumbai-headquartered professional education company that has impacted over 1 million learners. It offers industry-relevant programs in finance, technology, data science, marketing, and management. The company is India's first and only approved training partner for five global finance certifications including CFA, CMA, CPA, ACCA, and FRM. With a network of over 3,500 hiring partners and collaborations with premier institutions like IIMs, ISB, and London Business School, Imarticus has placed more than 75,000 learners in top MNCs. MyCaptain, founded with the mission of unlocking unconventional career paths for youth, has over 5 lakh learners and generated INR 27 crore in revenue last year while achieving EBITDA breakeven. The platform is known for its strong grassroots presence across 1,500+ campuses and boasts a Net Promoter Score (NPS) of 70, one of the highest in India's edtech sector. "MyCaptain began as a movement to challenge the status quo and open up alternate career paths for students across the country," said Mohammed Zeeshan, Co-founder and CEO of MyCaptain. "With Imarticus' scale and Nikhil and Sonya's shared belief in our mission, we now have the chance to take everything we've built and scale it even further, making new-age careers more accessible and achievable for more than 1 million students across India." Imarticus plans to scale MyCaptain's operations fivefold over the next three years, further advancing its mission to be the career partner of choice for learners from college to leadership.
Time of India
6 days ago
- Business
- Time of India
IPO bound Imarticus Learning acquires MyCaptain
Professional education firm Imarticus Learning has acquired edtech startup MyCaptain for Rs 50 crore, the company said in a statement on Wednesday. MyCaptain, which empowers college students, fresh graduates and early professionals with skills and jobs in new-age, non-tech careers has over five lakh learners on its platform. Tier 2 and 3 cities in India are faced with significant challenges in terms of skilling and awareness about new-age career opportunities. The acquisition of MyCaptain marks a significant milestone in Imarticus Learning's mission to deliver industry-relevant education even in the hinterlands. With this acquisition, Imarticus Learning has expanded its reach by entering the college skilling segment through the 60+ Live Cohort-Based Programs across new-age careers . Through MyCaptain's employability bootcamps in new-age fields like Digital Marketing, Design, and Content, Imarticus is set to expand into new verticals — bringing these programmes offline across their 20+ classroom centres in 16+ cities. MyCaptain has built a network with students across 1,500+ campuses, where 60% of its customers come from tier 2 and 3 cities, while 80% hail from creative and entrepreneurial fields. With this, Imarticus Learning has marked its fourth acquisition in the last four years. The strategic move is a part of its goal to reach 5 million learners over the next three years and expand to tier 2 and tier 3 cities. Live Events This acquisition expands Imarticus Learning's team to over 850 employees and enhances its senior leadership with a group of ex-founders, adding entrepreneurial expertise to the organisation. Discover the stories of your interest Blockchain 5 Stories Cyber-safety 7 Stories Fintech 9 Stories E-comm 9 Stories ML 8 Stories Edtech 6 Stories Nikhil Barshikar, founder and CEO of Imarticus Learning, said, 'Our collaboration with MyCaptain marks a pivotal step in strengthening Imarticus' vision to be the lifelong career partner for learners across their journey. While previous acquisitions have helped us diversify our portfolio and address evolving learner needs, with MyCaptain, we aim to deepen accessibility in non-tech career domains and significantly expand our reach in Tier 2+ cities.' Mohammed Zeeshan, cofounder and CEO, MyCaptain added, 'MyCaptain began as a movement to challenge the status quo and open up alternate career paths for students across the country. We now have the chance to take everything we've built and scale it even further, making new-age careers more accessible and achievable for more than 1 million students across India.' Imarticus Learning in April 2023, acquired Hero Mindmine, the Hero Group training arm. It had also acquired game-based learning platform StratOnBoard in 2022, as well as social learning platform, Eckovation, in 2021.
