Hotline: 1800 102 2007
Hotline: 1800 102 2007
Jan, 23 2018

Ed Tech Startup AEON Learning Bags Fund

AEON will use the latest investments towards growing business from its university partnerships, and skill programs.

Ed Tech Startup AEON Learning Bags Fund

Bengaluru-based AEON Learning Pvt. Ltd, which offers online degree programmes and skill development courses, has raised $3.2 million (Rs 20.43 crore) in a Series B round from MEMG Family Office LLP.

AEON will use the latest investments towards growing business from its university partnerships, and skill programmes. The startup expects to reach a student base of over 100,000 in the next five years. It currently operates in India and the US.

AEON Learning was founded by Karthik KS and Vikalp Jain. The company has a student base of 20,000 spanning 66 countries, and works with seven institute and university partners, 36 corporate partners. About 20% of its business originates from the US.

Aeon Learning came into existence in November 2017, following the merger of online education technology service provider Avagmah and online skill development course provider Acadgild.

Karthik KS, who is also the CEO of AEON Learning, said “The combined and complementary strengths of Avagmah and Acadgild have already positioned AEON learning at the forefront of the tech-enabled education revolution in India. With a proven track record of successful execution, we are now ready to scale up and serve more users with an integrated portfolio of technology skills and in-demand higher education courses.”

Pai, the CEO and managing director of MEMG “AEON Learning has the right product portfolio and a highly competent leadership team, which is making a difference in the evolving online education industry. The global online education market opportunity is huge, and we support AEON learning as they gear up to leverage this opportunity.”

AEON Learning has so far secured $6.5 million from marquee investors, including Infosys co-founder Kris Gopalakrishnan, Hexaware founder Atul Nishar, and Aptech Computer Education; besides Singapore based Lionrock Capital.

sharebtn
Comment
user
email
mobile
address
star
Related opportunities
  • Easy Secure Easy Secure GPS Security Tracking devices made for bikes (Two wheelers),car..
    Locations looking for expansion Madhya pradesh
    Establishment year 2015
    Franchising Launch Date 2018
    Investment size Rs. 10000 - 50000
    Space required 50
    Franchise Outlets -NA-
    Franchise Type -NA-
    Headquater Indore Madhya pradesh
  • Laundry & Dry Cleaning
    About Us: INSTAWASH Laundry uses IPSO Machines, which are the best..
    Locations looking for expansion Delhi
    Establishment year 2016
    Franchising Launch Date 2018
    Investment size Rs. 10lac - 20lac
    Space required 300
    Franchise Outlets -NA-
    Franchise Type Unit
    Headquater New delhi Delhi
  • Quick Service Restaurants
    What a sandwich is an Indian restaurant selling submarine sandwiches..
    Locations looking for expansion Haryana
    Establishment year 2013
    Franchising Launch Date 2018
    Investment size Rs. 5lac - 10lac
    Space required 200
    Franchise Outlets -NA-
    Franchise Type Unit
    Headquater Gurgaon Haryana
  • About Us: At DogSpa we love to spoil, treat and pamper..
    Locations looking for expansion Delhi
    Establishment year 2014
    Franchising Launch Date 2019
    Investment size Rs. 10lac - 20lac
    Space required 500
    Franchise Outlets -NA-
    Franchise Type Unit
    Headquater New delhi Delhi
Daily Updates
Submit your email address to receive the latest updates on news & host of opportunities