New Delhi: Global private equity firm Blackstone Monday announced that it is investing $250 million in Indian online education company Simplilearn Solutions Pvt Ltd to acquire a controlling stake. The investment will give Blackstone control of over 60% of the stake in the Bengaluru-headquartered firm, one of the oldest in the online higher education space in India. Amit Dixit, head of Asia for Blackstone Private Equity, said this is Blackstone’s first private equity investment in Asia in a “consumer technology company. Like many other sectors, technology is disrupting education and education technology has been a high conviction theme for Blackstone in India and globally." Blackstone is a global PE giant and has previously invested in test-prep firm Aakash Education and Byju’s in the Indian education space.

Source: Mint July 19, 2021 09:11 UTC