Online learning platform Udemy raises $50 million funding from its long time investor based in Japan, Benesse Holdings. The company’s valuation stands at $2 billion and it plans to expand to more markets.
The funds will be used for developing a base in markets across the world and also expand its headquarters in San Francisco. Denver, Dublin, Colorado, Gurgaon, Sao Paulo, Brazil, and Ankara are some places it is looking at to set up and grow offices.
CEO of Udemy, Gregg Coccari said in a statement that the company is on a mission to improve lives through learning, and so is Benesse. They believe that 2020 will be a milestone year where they will serve millions of more students and enable thousands of businesses and governments to upskill their employees. For this growth to be possible, they need their expert instructors and partner to be with them at every step to build business.
The San Francisco headquartered company believes that 57,000 expert instructors on their portal are helping millions of students learn new skills and their diverse range of courses adds to this. A year back, Udemy’s saw growth in its subscriptions by expanding internationally and offering courses in Japanese, Spanish, Portuguese and German languages as well. They did this while keeping their product local and also the experts on it.
The learning platform has above 5000 customers globally which include Adidas, Booking.com, Toyota, and Wipro.