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
Locked
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Website
Locked
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Social
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- 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.
AI platform for enhancing education and learning experiences
Platform for workforce development and training programs
System for managing educational content and resources
People of LearningMate
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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.
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.
| Investor | Description | Founded Year | Domain | Location |
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Private equity firm focused on acquisitions
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Private equity investments are managed by Culbro in various sectors.
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Private equity investments are directed toward multiple sectors.
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Investor details for LearningMate
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Investments & Acquisitions by LearningMate
LearningMate has strategically engaged in corporate development activities, having acquired 1 company. Notable acquisitions include JobReady.
Investment portfolio details for LearningMate
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| 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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Complete acquisition details for LearningMate
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Financial Statements - LearningMate
Detailed financials for LearningMate
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Learningmate Comparisons
Peer comparison for LearningMate
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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.
| Company Name | Domain | Founded year | HQ Location | Description |
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Learning management systems are provided for multiple sectors.
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Cloud-based LMS platform tracks skills across industries.
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Cloud-based learning management system for corporate employee training is provided.
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A multiplayer quiz platform for academic subjects is provided.
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Provider of online coaching and professional development solutions
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Enterprise learning management systems are provided for training programs.
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Detailed competitors of LearningMate
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Latest news on Learningmate
Complete news archive for LearningMate
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Frequently Asked Questions about LearningMate
LearningMate was founded in 2003 and raised its 1st funding round 1 year after it was founded.
LearningMate is headquartered in Mumbai, India. It is registered at Mumbai, Maharashtra, India.
LearningMate is a funded company, having raised a total of $11.09M across 2 funding rounds to date.
As of Apr 10, 2024, the latest employee count at LearningMate is 1,435.
Annual revenue of LearningMate is $72.08M as on Mar 31, 2023.
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.
LearningMate offers Kadal AI, JobReady, and Frost CMS.
LearningMate has made 1 acquisition, including JobReady.
LearningMate has 4 investors. Key investors include The Carlyle Group, Straive, Helix Investments, and Culbro.
The valuation of LearningMate is $1.79M as of Sep 2004.