Online interactive learning solutions platform Talentedge which provides live and interactive digital learning for working professionals, has acquired a "significant" stake in ed-tech firm GreyCampus for an undisclosed amount.
In addition, Talentedge is also planning to invest Rs 100 Cr towards driving inorganic growth and strengthening its position in the ed-tech segment this year.
The company stated, “With this investment (in GreyCampus), Talentedge as a group will exit this financial year with a revenue run rate of Rs 150 crore...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.”
The statement noted that Talentedge is also in talks with more players in this space to further consolidate its position.
GreyCampus offers digital certification-training courses for working professionals in the areas of project management, Big Data, data science, service management, and quality management. It offers training services through live-online, classroom, and online self-learning courses modes. The startup claims to have trained over 100K working professionals and is present across the US, Middle East, and the APAC region.
Talentedge CEO and MD Aditya Malik further added that with GreyCampus joining hands, it adds to the portfolio of courses and opens up the international market for Talentedge to expand further.
The investment marks Talentedge’s first of several strategic investments in this space as it endeavours to expand its width and depth in the edtech space as the go to education platform for working professionals. As upskilling acquires more and more importance in the dynamically changing work environment, companies like Talentedge will find themselves in a sweet spot to leverage this opportunity.