Taps into global markets including USA, Middle East, Asia Pacific and UK; To further invest INR 100 cr towards inorganic growth in 2019 to consolidate EdTech offerings
Talentedge has acquired a significant stake in GreyCampus for an undisclosed amount. GreyCampus offers digital certification-training courses for working professionals in the areas of Project Management, Big Data, Data Science, Service Management and Quality Management. GreyCampus has been part of Deloitte’s Tech Fast 50 Companies (India) consistently for the last four years (2015 – 2018).
With this investment, Talentedge as a group will exit this financial year with a revenue run rate of Rs 150 Cr which makes it the market leader in this segment and the only company to have the full stack of Premium Institute certifications, Degree programs & professional certifications under one umbrella.This also expands the group’s presence in the global education market, with GreyCampus having a strong footprint in the US, Middle East and Asia-Pacific offering blended learning courses.
This is one of several planned future investments for Talentedge to consolidate and emerge as an all-inclusive singular platform for blended learning for working professionals. The company has earmarked over INR 100 cr for inorganic growth and is in talks with more players in this space to consolidate its position as a market leader and expects to close more such transactions in the near future.
Speaking on the development, Aditya Malik, CEO & MD of Talentedge, said “Higher Education Ed-tech category is witnessing significant traction and adoption. We are already a leading player for courses jointly offered with top tier institutes like IIM, XLRI, SPJIMR, MICA, IIFT etc and now with GreyCampus joining hands it adds to the portfolio of courses and opens up the international market for us to expand further. This is our first of several strategic investments in this space to expand our width and depth in the EdTech space as the go to education platform for working professionals.”
Vijay Pasupulati, Co-Founder & CEO, GreyCampus said, “We aim to transform careers through skills and certification training. We are one of the few companies in this domain who have managed to scale up operations profitably. We are excited to join hands with Talentedge and together become a one stop shop for all career development courses for working professionals across the globe.”
Via this investment from Talentedge, GreyCampus will add to their India network while their international infrastructure will allow for Talentedge courses to be swiftly available across new geographies. Talentedge will further make such strategic investments to grow its portfolio marking 2019 as a major growth year for the firm.