Simplilearn in talks to raise funding at a valuation of $700 million

Mumbai: Edtech startup Simplilearn is in talks with global funds to raise $100-$150 million, as it seeks to provide partial exits to some early investors and raise primary capital for business expansion, sources close to the development said.

Simplilearn is expected to close the funding round in about a month at a valuation of $700 million, the sources said, as the San Francisco- and Bengaluru-based company looks to ride the rush by global and domestic investors to back high-growth edtech startups.