Simplilearn targets enterprises, aims for $50 million revenues

Simplilearn targets enterprises, aims for $50 million revenues

Startup Showcase

Simplilearn targets enterprises, aims for $50 million revenues

What started off as a blog in 2009, has now become a leading education startup, Simplilearn. Krishna Kumar started a blog to write about project management as a hobby. “I found that there was no video content on project management professional (PMP) training and started making it,” he said. Soon, his blogs became quite popular that he made it as his profession.

At present, Simplilearn offers more than 400 courses for professionals. An online education for professionals, the startup creates course programmes, exams and lab projects that help professionals prepare for and complete certification exams.

“We offer courses under 10 different categories and top categories are digital marketing, big data, data science, mobile app development, IT security and project management, and the course fee in India is between Rs 5,000 and Rs 30,000, and in US between $250 and $1000,” said the startup CEO, adding instead of relying on their employers, tech professionals should come forward to learn such professional certification courses to enhance in their career.

So far, Simplilearn has trained over five lakh professionals, and has over 2,000 qualified trainers. Close to 30% of candidates are women. “We constantly update our courses and 60 odd employees, out of 450 in HSR Layout office in Bengaluru, work on the same. Around 20 work in our San Francisco office,” Kumar said.

The startup in June 2015 acquired digital marketing training leader Market Motive and expanded its operations in North America. When asked about its acquisition plans in future, the CEO said, “We are planning to acquire, and just like the digital marketing space, we will eye for the finance and HR spaces, among others.”

It trains close to 20,000 people every month and when asked about their growth after the course, he said, “We did a survey to find out about our clients and how helpful the courses were for them. About 79% of users said after the courses they got a pay hike, different job or different project.”

When asked about its plans to expand, Kumar said, “At present, we are concentrating only on the Indian and US markets. US is a big market for us. We are planning to focus on B2B. Apart from our individual clients, we are also now approaching enterprises.”

Talking about revenues, the CEO said, “We are aiming for $50 million revenues in this fiscal year, and we are growing at 120-130%.”