Coursera, online education platform, counts India as second biggest marketplace after US, has acquired $ 64 million of fund in its 4th round of funding.
How funds will be utilized
Company is planning to utilize the funds for stretching its enterprise business and it is intended to cater customized courses to companies as well as courses for “product innovation”.
Total funds raised by the company till now
Including this funding round, the organization has collected a sum of $210.3 million yet. Coursera said that the current funding round was driven by New Enterprise Associates (NEA), GSV Asset Management, Kleiner Perkins Caufield Byers (KPCB), Lampert Foundation and Learn Capital.
It prepares people, companies & government
Rick Levin, chief executive officer of Coursera, said that,
“As the industry leader in online higher education, we have a massive opportunity ahead of us in preparing people, companies, and governments to respond to the changing nature of jobs and to take on the urgent challenges of workforce transformation. This round of funding enables us to continue innovating across our platform to deliver better learner outcomes, and to accelerate the momentum we have in our new initiatives—enterprise and degrees”.
About Coursera and its marketplace
Coursera counts India as the second largest market other than US with more than 2 million registered users. Since it’s inception in 2012, the company has had 25 million registered users and offers more than 2,000 courses with 180 specialization courses.
It has big names as it customers that includes brands like L’Oreal, Axis Bank in India, Air France KLM and PayPal.