Centum Learning an associate company of Bharati has announced that Mayfield India Fund has made an investment of Rs 40 crores to acquire a stake in it. Centum Learning is a leading player in the higher education domain in India and currently has more than 130 learning centres in 90 cities across India.These centers help students in bridging the existing gap between academia and industry requirements.
It has also recently launched another initiative – Centum U, which offers various undergraduate and postgraduate programmes in association with different institutions in New Delhi, Mumbai, Pune, Mohali and Hyderabad.
Centum Learning (http://www.centumlearning.com) is also actively engaged with the State Governments and Education Departments to develop globally deployable skilled manpower and enhance employability quotient of both urban and rural youth.
Mayfield Fund invests in the U.S., China and India and currently has $2.4 billion under management. It has invested in over 480 companies of which 105 have had initial public offerings and another 160 have been acquired. Some of Mayfield past investments include Compaq, Amgen, SGI, 3COM, Sandisk, Citrix, Cypress Semiconductor, Intuitive Surgical, Web Methods, Tibco, 3PAR and LSI Logic.
Announcing the development, Mr. Rakesh Bharti Mittal, Chairman, Centum Learning said, “India’s fast growing economy needs quality manpower to take forward its success story. The education, training & development segment has immense growth potential in India and Centum Learning is well positioned to unlock this potential.This investment from Mayfield is an endorsement of the company’s vision and we are delighted to have them as a strategic partner.”