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Jigsaw Academy, the Bangalore-based online school of analytics receives Rs 20 crore funding from Manipal Global Education Services (MaGE)
Highlights
Jigsaw Academy, the Online School of Analytics, receives 20 crore INR in funding from Manipal Global Education Services (MaGE). The company would be using these funds from MaGE to expand its offerings and to penetrate new markets. InteQuant Advisors, a leading advisory firm providing professional services in the field of fund raising and transaction support services were the sole financial advisors who facilitated this transaction.
Jigsaw Academy, the Online School of Analytics, receives 20 crore INR in funding from Manipal Global Education Services (MaGE). The company would be using these funds from MaGE to expand its offerings and to penetrate new markets. InteQuant Advisors, a leading advisory firm providing professional services in the field of fund raising and transaction support services were the sole financial advisors who facilitated this transaction.
Excited about the development, co-founders Gaurav Vohra, CEO, Jigsaw Academy and Sarita Digumarti, COO, Jigsaw Academy said that this association with MaGE will greatly help improve their global footprint and help them successfully penetrate new markets.
Speaking on this occasion Gaurav Vohra, CEO, Jigsaw Academy said, “We are very happy and excited about this strategic partnership - this is a huge milestone for Jigsaw Academy. We could not have found a better partner than the Manipal group in the education space. We believe there is great potential in the analytics and big data training market in India and abroad. This funding that we have received will help us take bigger steps in the global market more aggressively while opening up more corporate training opportunities”
Jigsaw Academy was founded in 2011 with the vision of providing best in class analytics and big data skills to students and professionals worldwide. There is a huge global shortfall of professionals with analytics and big data skills. Jigsaw Academy has trained over 40,000 students from over 30 countries and more than 100 corporates and IT giants across different verticals in the last five years, using its unique and proprietary learning platform. Jigsaw Academy has the largest library of digital content in analytics and big data, and offers courses across industries and functions, like Retail, E-Commerce, Finance, HR, and Supply Chain.
Mr. S. Vaitheeswaran, MD and CEO of Manipal Global Education Services, said “We are excited about our investment in Jigsaw Academy. We believe the company has established itself as a market leader in the analytics and big data space, and the investment will help them achieve rapid scale. At MaGE, professional certification is the next big foray for us and this investment is a significant step in that journey”
Also speaking on this occasion, T.V. Mohandas Pai, who is joining Jigsaw Academy’s Advisory Board said, "Trained professionals who understand the right approach to applying analytics will drive new value propositions across industries and companies of all sizes. When empowered with training in the right data-driven frameworks and methodologies, they will show that big data is more than just a buzzword - it is a truly transformative approach to growing businesses and improving decision-making. The demand for these skills is increasing tremendously across all ventures and enterprises, and Jigsaw Academy is perfectly poised to meet this demand with its innovative individual and corporate training offerings"
McKinsey Global Institute projects that by 2018 demand for data scientists may be as much as 60 percent greater than the supply. Analytics and Big Data training is receiving a push in the recent years and educational giants are willing to offer industry relevant courses in association with institutes like Jigsaw Academy to bridge the demand and supply gap.
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