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iD Fresh Food May Raise INR 450 Cr at INR 2,000 Cr Valuation
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Exclusive: Kalaari Gets 14X Return After Exit From Simplilearn
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Bzaar bags $4M to enable US retailers to source home, lifestyle products from India – TechCrunch
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BYJU S Acquires More Edtech Cos With Toppr And Great Learning
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India: Edtech firm Simplilearn eyes global expansion after Blackstone funding
Photo by Gaelle Marcel on Unsplash
July 22, 2021
Edtech platform Simplilearn plans to aggressively expand to international markets, after global private equity major Blackstone acquired a 60% stake in the startup for $250 million, giving exit to its early investors. This is the first time Blackstone has picked a controlling stake in an Indian internet company. Simplilearn, which witnessed 40% growth in new learners amid the pandemic, is looking to grow its revenues from ₹365 crore to ₹1,000 crore by 2023. In an interview, Simplilearn founder and chief executive Krishna Kumar talks about future plans, and why it chose Blackstone as its majority stakeholder.