Mumbai-based edtech company, Imarticus Learning, recently announced yet another successful funding round. The company just raised $2 million in a Series B round of funding. According to Crunchbase, education-focused venture capital fund CBA Capital, which also has invested in the Indian-based Buddy4Study (a scholarship platform), lead this funding round. Previously, the Imarticus Learning team raised $1 million in funding from three individual investors. The current funding round is good news for Imarticus Learning, which is already operating in Mumbai, Delhi, Bengaluru, Hyderabad, Chennai, and Pune, but is eager to expand its territory to eventually add more international clients.

Imarticus Learning

Imarticus Learning was founded by Nikhil Barshikar with Sonya Hooja and Vishal Bharat. Barshikar, who holds degrees from Rutgers, London Business School, and Columbia University, held positions with the Lehman Brothers, Nomura India, and Nomura Securities prior to launching Imarticus. Hooja arrived at Imarticus after stints at Lehman and Accenture, and Bharat previously worked in quality operations for a wide range of companies, including McCormick & Company.

Since founding Imarticus in 2012, the founders have focused on developing robust learning solutions for corporations. On their website, they describe their mission as follows as one focused on financial services and analytics training. Specific products include industry specific training, corporate services, analytics, and recruitment and placement services. So far, the company has trained over 30,000 students globally since its inception and aims to raise this figure to 55,000 students by 2020.

Not surprisingly, Barshikar is enthusiastic about the results of his company’s most recent funding round and optimistic about the future. In late August, he told Your Story, “As a well-established investor in the education sector, CBA Capital understands its potential as well as the challenges faced by the industry. Apart from being able to leverage their guidance and mentorship, the capital infusion will enhance our ability to reach out to students all over the world and bring us one step closer to redefining the relevant-skill based training landscape globally.”