IPO-Bound Imarticus Learning Acquires MyCaptain for INR 50 Crore to Boost EdTech Presence

In a strategic move ahead of its anticipated Initial Public Offering (IPO), Imarticus Learning, a leading professional education firm, has acquired Bengaluru-based edtech startup MyCaptain for INR 50 crore (approximately USD 6 million). This acquisition marks the fourth in the past four years for Imarticus Learning, signaling its aggressive expansion in the education technology sector.

The deal, structured as a mix of cash and stock, will see MyCaptain operate as a fully-owned subsidiary of the Mumbai-based company. With this acquisition, Imarticus Learning aims to deepen its footprint in non-tech career education and enhance its outreach in Tier 2 and 3 cities across India, tapping into underserved markets with high growth potential.

MyCaptain, known for its mentorship programs and bootcamps focused on creative and startup careers, has a strong presence in over 1,500 campuses nationwide. The startup reported a revenue of INR 27 crore and achieved EBITDA breakeven, making it a valuable addition to Imarticus Learning’s portfolio. The acquisition also brings MyCaptain’s 250 employees into the fold, expanding Imarticus Learning’s workforce to over 850 employees.

This move comes as Imarticus Learning prepares for an IPO, reportedly targeting a valuation of INR 750 crore. The acquisition of MyCaptain is seen as a strategic step to bolster its offerings in upskilling and career development, aligning with the growing demand for specialized education in India’s competitive job market.

Industry experts view this acquisition as a testament to the consolidation trend in the edtech space, where larger players are acquiring niche startups to diversify their services and strengthen market positioning. Imarticus Learning’s prior acquisitions, such as Hero Mindmine in April 2023, reflect a consistent strategy of growth through inorganic expansion.

As Imarticus Learning gears up for its public listing, the integration of MyCaptain’s innovative programs and campus network is expected to create synergies that enhance learner outcomes and drive revenue growth. This acquisition underscores the company’s commitment to transforming career education in India.