Impartus Innovations Pvt Ltd
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Impartus Innovations Pvt Ltd - overview
Established
2011
Location
Bangalore, Karnataka, India
Primary Industry
Education/Training
About
Impartus Innovations Pvt Ltd specializes in educational technology solutions, focusing on enhancing learning experiences through innovative products such as their Lecture Capture Solution. Founded in 2011 in Bangalore, India, Impartus Innovations Pvt Ltd develops educational technology products that improve accessibility in learning. The company was acquired by UpGrad Education Private Limited in May 2021 for INR 1. 5 billion, marking a strategic pivot towards expanding its offerings.
The company is led by Amit Mahensaria, who has a history of entrepreneurial ventures in the education sector. Impartus has completed a total of 3 deals, with its latest funding round being an Add-on, Trade Sale, amounting to INR 1,500. 00 mn, bringing the total amount raised to INR 84. 19 mn.
Impartus provides a range of educational technology solutions designed to enhance learning across various institutions. Their primary product, the Lecture Capture Solution, automates the recording and distribution of lectures, enabling students to access content on-demand via cloud storage. Additionally, they offer interactive blended classrooms and an online platform for live and on-demand courses. Their programs, including the Industry Ready Specialization and Job Ready Certification, assist students in gaining essential skills for employment.
With over 300 universities and 60,000 professors in their network, Impartus reaches over 2 million students globally. In 2021, Impartus reported a revenue of INR 2,318,166. 20, along with an EBITDA of INR 72,236. 90, generated through B2B partnerships with educational institutions.
They implement a subscription model for their services, ensuring consistent revenue through tailored educational programs and technology solutions. Impartus aims to enhance its product offerings and expand into new markets. Following its acquisition in May 2021, the company plans to leverage the new funding to develop upcoming products designed for broader international adoption. Specific regions targeted for expansion include Southeast Asia and the Middle East, with initiatives expected to roll out by the end of 2023.
The recent funding will facilitate these developments, enabling Impartus to strengthen its market presence and enhance its suite of educational solutions.
Current Investors
UpGrad Education Private Limited
Primary Industry
Education/Training
Sub Industries
Education & Training Website, Education & Training Software, Content Management Software, Analytics & Performance Software
Website
www.impartus.com
Verticals
EdTech
Company Stage
Add-on
Total Amount Raised
Subscriber access only
Impartus Innovations Pvt Ltd - financials
| Fiscal Year Ended | Mar 31, 2014 | Mar 31, 2015 | Mar 31, 2016 | Mar 31, 2017 | Mar 31, 2018 | Mar 31, 2019 | Mar 31, 2020 | Mar 31, 2021 |
|---|---|---|---|---|---|---|---|---|
| Revenue (USD) | 3,826,533 | 25,829,534 | 24,078,527 | 53,667,542 | 70,285,522 | - | - | - |
| % Revenue Growth (YoY) | - | 575.0% | (6.8%) | 122.9% | 31.0% | - | - | - |
| EBITDA (USD) | (120,878) | (9,882,018) | (121,470,160) | (120,648,930) | (46,666,678) | - | - | - |
| Operating Income (USD) | (120,878) | (11,913,771) | (127,853,575) | (130,983,815) | (52,770,708) | - | - | - |
| Operating Margin | (3.2%) | (46.1%) | (531.0%) | (244.1%) | (75.1%) | - | - | - |
| % EBITDA Margin | (3.2%) | (38.3%) | (504.5%) | (224.8%) | (66.4%) | - | - | - |
| NET Income (USD) | (120,878) | (12,206,099) | (128,248,976) | (131,276,955) | (53,089,671) | - | - | - |
| % Net Margin | (3.2%) | (47.3%) | (532.6%) | (244.6%) | (75.5%) | - | - | - |
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