In a significant move in the edtech sector, Imarticus Learning, an IPO-bound upskilling platform, has acquired MyCaptain, a promising edtech startup, in a deal valued at Rs 50 crore. This acquisition marks a strategic step for Imarticus as it aims to strengthen its position in non-tech career education and expand its reach into India’s tier 2 and 3 cities.
MyCaptain, based in Bengaluru, is known for its focus on helping college students, recent graduates, and early-career professionals build skills in emerging, non-technical fields. The platform offers mentorship and career guidance in creative and passion-driven domains, bringing a unique value proposition to Imarticus Learning’s portfolio.
This deal, structured as a mix of cash and stock, is the fourth acquisition by Imarticus Learning in the last four years, showcasing its aggressive growth strategy. Previous acquisitions, such as Hero Mindmine in April 2023, have also contributed to its expanding presence in the professional education space.
With this acquisition, Imarticus aims to leverage MyCaptain’s strong user base and sustainable model to enhance its offerings in career mentorship. The move is expected to bolster Imarticus’ leadership in the edtech industry as it prepares for its upcoming initial public offering (IPO).
Industry experts view this acquisition as a timely step, aligning with the growing demand for diverse skill development programs beyond traditional tech domains. Imarticus Learning’s focus on tier 2 and 3 cities also taps into an underserved market with immense growth potential.
As the edtech landscape continues to evolve, this acquisition signals Imarticus Learning’s commitment to innovation and accessibility in education. The integration of MyCaptain’s expertise is set to create new opportunities for learners across India, paving the way for a more inclusive upskilling ecosystem.
Andrew Lee
