Leading Edtech Company IntelliPaat Reports 100% Growth In The Last 5 Months
To cross Rs 100 Crore in ARR by this month and looking to raise Series A funding
New Delhi: IntelliPaat, a Bangalore-based company offers an online upskilling platform for working professionals. The platform offers over 150 technical and management courses, which are designed in line with industry standards by leading industry experts for individual customers as well as corporate clients. With an aim to provide high-quality professional education at affordable prices that would help professionals enhance their career transformation.
The present global job market is facing challenges in terms of hiring talent and their acquisition. The corporate world witnessed the increase in demands of professionals with versatile talent and skillsets. There are professionals changing their career paths and gaining experience with new skills to advance in the career.
IntelliPaat aims to fill this gap in upskilling by building a dependable platform with current career skills that ensure learners are job-ready from day one. Courses are available in a live virtual classroom setting as well as on a self-paced basis. Learners are provided flexible hours to fit with their busy work schedules and the ability to review at their own pace, as well as technical and learning help 24 hours a day, 7 days a week.
Speaking about the growth, Mr. Diwakar Chittora, the CEO and Founder of Intellipaat, says “We have witnessed rapid growth since inception and clocked a 3-year revenue CAGR of 49% by FY21. We are a bootstrap company that achieved revenue growth of approx 100% in the last 6 months with EBITA of 25%. Over 1,000 industry-expert instructors are associated with us and offer instruction to around 1 Mn+ learners. Intellipaat has a global presence with 40% learners from outside India (including USA and Canada). We have over 1 lakh paid learners since inception. Currently, we are looking to raise funds for Series-A round, for which we have appointed EY as a financial advisor.”
IntelliPaat offers advanced courses on several categories such as Big Data, Data Science, Machine Learning, Artificial Intelligence, Cloud Computing, DevOps, Salesforce, Cyber Security, etc. The company creates courses in collaboration with top Indian institutions such as IIT Madras, IIT Guwahati, IIT Roorkee, MNIT Jaipur, SPJIMR etc. Its marquee B2B Clients include Adobe, HP, Samsung, Tech Mahindra, Societe Generale, NASDAQ etc. It is the only platform that provides comprehensive career services such as job assistance, mock interview preparation, etc. 80% of the learners reported to achieve their training objectives fulfillment within 6 months of course completion. The company is expected to cross Rs. 100 Crore in ARR by this month and has grown by 100% in the last 5 months. In the history of edtech industry’s performance it’s the only company running at such a large scale being completely bootstrap and maintaining EBITA of 20-25.