Edusys Gets $ 7.5 Mn Online Education; Certification Gets A Boost

Edusys Services has secured a cool US$ 7.5 Mn from Sequoia Capital in its first round of funding.

The Bangalore based company intends to use the funds to introduce more products under its umbrella, strengthen its technology platform & add more talent. It offers highly specialized courses in Project Management, Six Sigma, HR, Risk Management and Negotiations.

But why the sudden interest in Online Education?

Our readers must have read about “The Pitch” Winner Edusoft bagged US$ 1 Million. A while ago college search became a bit easy owing to IndiaCollegeSearch.com. The education sphere is also getting a boost through the mobile front as well thanks to Tata DoCoMo. Even Social media is going gaga over recognizing academic & professional achievements! Not to mention, students now have access to high quality digital & interactive media from Apple & YouTube!

This sudden growing interest boils down to economics. The Test Preparation & Certification market which is only a sub-set of Online Education services, is worth US$ 48 Billion & offers a tremendous scope of growth. When it comes to finding the right opportunities Sequoia has always been at the forefront confirms research it conducts.

Edusys has plans to double its team by next year & currently offers product-specific web-portals PMstudy.com, 6sigmastudy.com, RMstudy.com, NGstudy.com, PROJstudy.com, HRDstudy.com, PROGstudy.com and ITILstudy.com. And very recently, it launched India-centric brand – MyCATstudy.com – to prepare students and professionals alike to successfully clear CAT exam conducted by IIMs.

Are you planning to augment your skills with such certification courses?

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