Imarticus Learning has acquired edtech startup MyCaptain for Rs 50 crore to deepen its presence in non-tech career education and expand in tier 2 and 3 cities.
MyCaptain, founded in 2016, offers live cohort-based programs in creative and new-age career paths and has a user base coming mostly from tier 2 and 3 cities.
The acquisition allows Mumbai-headquartered Imarticus to enter the college skilling segment and integrate MyCaptain's programs into its national infrastructure.
Imarticus has been focusing on acquisition-led expansion in preparation for a potential IPO and aims to scale MyCaptain's offerings by 5X over the next three years.