About LearningMate
LearningMate is a company based in Mumbai (India) founded in 2003 by Jolvin Rodrigues was acquired by Straive in August 2020.. LearningMate has raised $11.09 million across 2 funding rounds from investors including The Carlyle Group, Straive and Helix Investments. The company has 1,435 employees as of April 10, 2024. LearningMate has completed 1 acquisition, including JobReady. LearningMate offers products and services including Kadal AI, JobReady, and Frost CMS. LearningMate operates in a competitive market with competitors including D2L, Degreed, Docebo, Quizizz and CoachHub, among others.
- Headquarter Mumbai, India
- Employees 1435 as on 10 Apr, 2024
- Founders Jolvin Rodrigues
- Stage Minicorn
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Sectors
TechnologyEducation
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Phone
*********
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Website
*********
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Social
*********
- Legal Name Learning Mate Solutions Private Limited
- Date of Incorporation 17 Jun, 2003
- Jurisdiction Mumbai, Maharashtra, India
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Annual Revenue
$72.08 M (USD)30.91as on Mar 31, 2023
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Net Profit
$12.23 M (USD)2024.13as on Mar 31, 2023
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EBITDA
$16.03 M (USD)836.49as on Mar 31, 2023
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Total Equity Funding
$11.09 M (USD)
in 2 rounds
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Latest Funding Round
$10 M (USD), Series A
Jun 05, 2009
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Investors
The Carlyle Group
& 3 more
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Employee Count
1435
as on Apr 10, 2024
- Investments & Acquisitions
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Acquired by
Straive
(Aug 17, 2020)
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Products & Services of LearningMate
LearningMate offers a comprehensive portfolio of products and services, including Kadal AI, JobReady, and Frost CMS. The company's diverse product and service offerings are designed to meet the evolving needs of its customers, address market demands, and provide comprehensive solutions that drive value creation and customer satisfaction across various segments and use cases.
AI platform for enhancing education and learning experiences
Platform for workforce development and training programs
System for managing educational content and resources
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Funding Insights of LearningMate
LearningMate has successfully raised a total of $11.09M across 2 strategic funding rounds. The most recent funding activity was a Series A round of $10 million completed in June 2009. This substantial capital infusion reflects strong investor confidence in the company's business model, growth potential, and market opportunities. The funding enables strategic expansion, product development, market penetration, and operational scaling to drive long-term value creation and competitive advantage.
- Total Funding Total Funding
- Total Rounds 2
- Last Round Series A — $10.0M
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First Round
First Round
(20 Sep 2004)
- Investors Count 3
| Date | Amount | Transaction Name | Valuation | Lead Investors | Investors |
|---|---|---|---|---|---|
| Jun, 2009 | Amount | Series A - LearningMate | Valuation | Helix Investments , Culbro |
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| Sep, 2004 | Amount | Seed - LearningMate | Valuation | The Carlyle Group |
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| Date | Amount | Transaction Name | Valuation | Lead Investors | Investors |
|---|---|---|---|---|---|
| Jul, 2021 | Amount | Post-IPO - Grab | Valuation |
investors |
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| Feb, 2021 | Amount | Post-IPO - Grab | Valuation |
investors |
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| Jan, 2021 | Amount | Post-IPO - Grab | Valuation |
investors |
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| Feb, 2021 | Amount | Post-IPO - Grab | Valuation |
investors |
Investors in LearningMate
LearningMate has secured backing from 4 investors, including venture fund investors. Prominent investors backing the company include The Carlyle Group, Straive and Helix Investments. This diverse investor base provides strategic capital, industry expertise, and valuable network connections that support the company's growth initiatives, market expansion, and long-term value creation.
| Investor | Description | Founded Year | Domain | Location |
|---|---|---|---|---|
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Private equity firm focused on acquisitions
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Founded Year | Domain | Location | |
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Private equity investments are managed by Culbro in various sectors.
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Founded Year | Domain | Location | |
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Private equity investments are directed toward multiple sectors.
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Founded Year | Domain | Location |
| Investor | Description | Founded Year | Domain | Location |
|---|---|---|---|---|
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Single family office of Amitabh Bachchan, founder of Amitabh Bachchan Corporation or AB CORP
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Founded Year | Domain | Location | |
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Startup ecosystems are ignited through strategic investments by Signite Partners.
|
Founded Year | Domain | Location | |
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Venture capital is directed toward companies in multiple sectors.
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Founded Year | Domain | Location | |
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Venture capital is invested in cybersecurity, fintech, and AI startups.
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Founded Year | Domain | Location |
Investments & Acquisitions by LearningMate
LearningMate has strategically engaged in corporate development activities, having acquired 1 company. Notable acquisitions include JobReady. These strategic investments and acquisitions demonstrate the company's commitment to growth through portfolio expansion, market consolidation, technology integration, and strategic partnerships that enhance competitive positioning and drive long-term value creation.
| Company Name | Description | Domain | Location | Founded Year | Amount |
|---|---|---|---|---|---|
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Bionic investment advisor platform
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2016 | ||||
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Fine Asian gourmet food is offered by an internet-first restaurant.
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2016 | ||||
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Physical e-commerce kiosks are deployed for rural purchases in Indonesia.
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2014 | ||||
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Fine Asian gourmet food is offered by an internet-first restaurant.
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2016 |
| Company Name | Description | Domain | Location | Founded Year | Amount |
|---|---|---|---|---|---|
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Cyber recruitment services are offered by JobReady to tech professionals.
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2019 |
| Company Name | Description | Domain | Location | Founded Year | Amount |
|---|---|---|---|---|---|
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OVO is recognized as a smart digital payment application.
|
2017 | ||||
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Bionic investment advisor platform
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2016 | ||||
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Physical e-commerce kiosks are deployed for rural purchases in Indonesia.
|
2014 | ||||
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Physical e-commerce kiosks are deployed for rural purchases in Indonesia.
|
2014 |
Financial Statements - LearningMate
| Date | Amount | Transaction Name | Valuation | Lead Investors | Investors |
|---|---|---|---|---|---|
| Jul, 2021 | Amount | Post-IPO - Grab | Valuation |
investors |
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| Feb, 2021 | Amount | Post-IPO - Grab | Valuation |
investors |
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| Jan, 2021 | Amount | Post-IPO - Grab | Valuation |
investors |
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| Feb, 2021 | Amount | Post-IPO - Grab | Valuation |
investors |
Learningmate Comparisons
Competitors of LearningMate
LearningMate operates in a dynamic and competitive business environment, facing competition from various established players and emerging companies in the market. The competitive landscape includes prominent companies such as D2L, Degreed, Docebo, Quizizz and CoachHub, among others. This competitive environment drives innovation, market differentiation, and strategic positioning as companies strive to capture market share and deliver value to their customers. Understanding the competitive dynamics is crucial for assessing market positioning, identifying growth opportunities, and navigating the challenges inherent in a competitive marketplace.
| Company Name | Domain | Founded year | HQ Location | Description |
|---|---|---|---|---|
| domain | founded_year | HQ Location |
Learning management systems are provided for multiple sectors.
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| domain | founded_year | HQ Location |
Cloud-based LMS platform tracks skills across industries.
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| domain | founded_year | HQ Location |
Cloud-based learning management system for corporate employee training is provided.
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| domain | founded_year | HQ Location |
A multiplayer quiz platform for academic subjects is provided.
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| domain | founded_year | HQ Location |
Provider of online coaching and professional development solutions
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| domain | founded_year | HQ Location |
Enterprise learning management systems are provided for training programs.
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| Company Name | Domain | Founded year | HQ Location | Description |
|---|---|---|---|---|
| domain | founded_year | HQ Location |
Multiple services are booked via an app-based platform.
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| domain | founded_year | HQ Location |
On-demand services are booked through an app-based platform.
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| domain | founded_year | HQ Location |
App based platform offering on demand delivery and ride-hailing services
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| domain | founded_year | HQ Location |
Operates an on-demand hyperlocal delivery app for food and groceries.
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Latest news on Learningmate
Frequently Asked Questions about LearningMate
When was LearningMate founded?
LearningMate was founded in 2003 and raised its 1st funding round 1 year after it was founded.
Where is LearningMate located?
LearningMate is headquartered in Mumbai, India. It is registered at Mumbai, Maharashtra, India.
Is LearningMate a funded company?
LearningMate is a funded company, having raised a total of $11.09M across 2 funding rounds to date. The company's 1st funding round was a Seed of $1.09M, raised on Sep 20, 2004.
How many employees does LearningMate have?
As of Apr 10, 2024, the latest employee count at LearningMate is 1,435.
What is the annual revenue of LearningMate?
Annual revenue of LearningMate is $72.08M as on Mar 31, 2023.
What does LearningMate do?
LearningMate was established in 2003 in Mumbai, India, as an online learning management system for diverse sectors. The platform is employed by corporates to support employee skills development, training programs, and engagement initiatives. Services include cloud-based workforce management, customized learning experiences, and content creation. It is also adopted by schools and higher education institutions for educational needs.
Who are the top competitors of LearningMate?
What products or services does LearningMate offer?
LearningMate offers Kadal AI, JobReady, and Frost CMS.
How many acquisitions has LearningMate made?
LearningMate has made 1 acquisition, including JobReady.
Who are LearningMate's investors?
LearningMate has 4 investors. Key investors include The Carlyle Group, Straive, Helix Investments, and Culbro.
What is LearningMate's valuation?
The valuation of LearningMate is $1.79M as of Sep 2004.
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