Takshila Learning, a digital education start-up, is to acquire a series A funding of almost $10 million and it will be on the top of the $4 million investment aid in this firm which is four-year old now.
Aim of gaining funding
Company made a statement that the funding is focused at fortifying of its ambition to become a $1 billion company till 2020.
What the company’s Co-founder said about its offering
Tarun Malik, co-founder and chief executive at Takshila Learning, said that, “With technology comprising of artificial intelligence and augmented reality, the education landscape is changing rapidly. The number of people engaging themselves with online education content has grown multiple times, and we are seeing lot of traction from tier 2 and tier 3 markets in this space as well”.
Sector valuation by KPMG and Google
A joint report which was prepared by the association of KPMG and Google on online education estimated the valuation of the company at $2 billion by 2021.
Plan to set up of offline points
Rajiv Mahajan, founder and chairman at Takshila Learning, said that, “We have an existing hybrid model of online and offline presence and plan to set up offline points of sale across 50 cities in the country. Additionally, we will engage with rural and semi-rural customers for skill upgradation”.
Company is seeking to expand its legs across the world
Company said Takshila Learning will enhance its legs internationally across US, South East Asia and Africa. Since it accepts the terms of accessibility and affordability so that it is intended to enhance its existing user base which already consists of almost 10000 students.