Edtech platform Simplilearn plans to aggressively expand to international markets, after global private equity major Blackstone acquired a 60% stake in the startup for $250 million, giving exit to its early investors. Simplilearn continues to be profitable and we consciously wanted to create an exit outcome for our early investors. By partnering with Blackstone, we look to leverage their global network and get access to international markets complementary to our growth. (Early investors Kalaari Capital, Helion Ventures and Mayfield will exit). There are several global investors, such as SoftBank, which have also invested in competing businesses.

Source: Mint July 21, 2021 17:37 UTC