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Jan, 10 2019

Edtech Startup Talentedge Acquires Stake In GreyCampus

Talentedge is further looking to invest Rs 100 crore towards driving inorganic growth and strengthening its position in the ed-tech segment this year.

EdTech platform Talentedge, which offers live and interactive digital learning for working professionals, has acquired a "significant" stake in GreyCampus for an undisclosed amount.

Talentedge is further looking to invest Rs 100 crore 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."

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."

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