Latest news with #TierII
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.
Entrepreneur
6 days ago
- Business
- Entrepreneur
Female Representation in Technical Roles in Non Tech Sectors Rise from 1.90% in 2020 to 14% in 2024: TeamLease
Tier-I cities saw greater female representation (15.88 per cent) in tech roles in non-tech sectors compared to tier-II cities where it stood at a mere 7.58 per cent. Between 2023-24, there was a notable increase in female representation in mid and senior-level roles You're reading Entrepreneur India, an international franchise of Entrepreneur Media. India Inc.'s journey towards gender parity has seen gradual progress, extending even to traditionally male-dominated technical roles in non-tech sectors. However, despite marked improvements, substantial disparities in representation and pay persist. Addressing this, TeamLease Digital, a leading specialised staffing firm in India, has unveiled a detailed analysis focusing on contractual tech roles across non-tech industries. The comprehensive analysis highlights an encouraging trend in the gender composition of India's tech contractual workforce between 2020 and 2024. Female representation surged from 9.51 per cent in 2020 to 27.98 per cent in 2024, reflecting growing momentum for diversity in a space long dominated by men. This shift underscores the increasing recognition of women's contributions to tech roles across non-tech domains and the growing appreciation for diversity in innovation-driven functions. Gender representation within India's contractual tech workforce has undergone a complex evolution. Technical roles in non-tech sectors have showcased a positive narrative since 2020, with steady, albeit gradual improvement in gender parity. As per TeamLease Digital's findings, in 2020, female representation for tech roles in non-tech sectors stood at a mere 1.90 per cent. However, by 2023 and 2024, this reached 11.8 per cent and 14 per cent, respectively, indicating a slow but encouraging shift in traditionally male-dominated roles. Despite this progress, female representation in contractual tech roles remains uneven across non-tech industries. While sectors such as BFSI (46.88 per cent women) and Lifesciences & Healthcare (29.58 per cent women) have embraced gender parity, others, such as Manufacturing & Engineering (4.82 per cent women) and Energy (6.25 per cent women), lag behind. On the other hand, sectors such as Automotive have 23.91 per cent female representation. This imbalance is largely attributed to rigid hiring practices, cultural stereotypes, and limited skilling pathways for women in core technical functions. A closer look at the level-based composition of females in tech roles in non-tech sectors reveals a concerning statistic: women's representation in senior roles stands at a mere 3.35 per cent, women in mid-level roles comprise 4.07 per cent, and those in entry-level roles make up 3.03 per cent. This signals a major discrepancy as male dominance considerably surges, and women continue to face challenges in ascending to leadership roles. However, between 2023 and 2024, there has been a noteworthy increase in female representation in mid and senior levels, going from 4.98 per cent in 2023 to 5.14 per cent in 2024 in mid-level roles. Similarly, female representation in senior positions increased from 3.95 per cent in 2023 to 4.86 per cent in 2024, a gradual shift in gender parity, with greater female representation. The Geography Factor TeamLease Digital's analysis reveals that gender representation varies significantly by city tier, underscoring a disparity in opportunities. Overall, tier-I cities have a more gender-diverse workforce than tier-II cities. In technical roles in non-tech sectors, tier-I cities saw a 15.88 per cent female representation, while in tier-II cities, this was reduced by almost half, standing at 7.58 per cent. This imbalance largely stems from biased hiring practices and an underrepresentation of women in STEM (Science, Technology, Engineering & Mathematics) fields. The gap in female representation also underscores the need for digital literacy initiatives, remote work options, and adequate upskilling/reskilling programs. Commenting on the findings, Neeti Sharma, CEO of TeamLease Digital, said, "The significant rise in female representation in tech roles within non-tech sectors from 1.90 per cent in 2020 to 14 per cent in 2024 reflects a promising shift towards inclusivity. However, persistent gaps in technical skill representation and leadership roles highlight the need for targeted interventions. TeamLease Digital's in-depth analysis sheds light on the gradual increase in gender diversity while highlighting the gaps effectively." Focused intervention, such as tailored upskilling programs and inclusive hiring practices, combined with greater accessibility to resources and opportunities, will play a key role in levelling the playing field and creating equitable work environments across sectors.
