Indian edtech Takshila near to raising $10m for 50 city expansion
Digital education start-up Takshila Learning is about to close a series A funding round at $10m, adding to the $4m it has raised previously. The company, which has a hybrid online/offline model, will use the funding to set up offline points of sale for its courses across 50 cities and engage rural and semi-rural customers to enhance their skills, said founder chairman Rajiv Mahajan. Takshila will also expand its presence in Africa, the US and the Middle East, company executives said.

Digital education startup Takshila Learning is on the verge of raising about $10 million in an early funding round.The series-A funding will be on top of $4 million infused so far in the four-year-old firm, company executives said.Takshila cofounder and chief executive Tarun Malik said: “The number of people engaging themselves with online education content has grown multiple times, and we are seeing lot of traction from tier-2 and tier-3 markets in this space as well."A recent joint report by KPMG and Google on online education forecast the sector's valuation at $2 billion by 2021.“We have an existing hybrid model of online and offline presence and plan to set up offline points of sale across 50 cities in the country. Additionally, we will engage with rural and semi-rural customers for skill upgrade," founder and chairman Rajiv Mahajan said.Takshila will expand its presence also across Africa, the US, Middle East and Southeast Asia to increase its existing customer base of 10,000 students, company executives said.