Edtech startup Simplilearn rejigs top leadership with two new appointments

economictimes.indiatimes.com:

Edtech platform Simplilearn on Friday announced new appointments in its senior management, with Mark Moran rejoining the company as chief marketing officer, and Veerasundar V assuming the post of chief financial officer, in a bid to scale up operations.

Moran, a marketing veteran, served as the CMO at Simplilearn from 2015 to 2022. Veerasundar has a background in financial management, leading fundraises, overseeing IPO listings and providing exit to private equity firms, among other responsibilities.

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Founded in 2010 and based in San Francisco, California, and Bangalore, Simplilearn provides digital learning solutions to skill individuals and companies.

«It's amazing to be back with Simplilearn, the dynamic team revolutionizing how professionals learn and grow. I look forward to contributing to Simplilearn's vision of empowering individuals through innovation and cutting-edge education,» Moran said in a statement.

«Mark's past contributions as CMO and Veerasundar's extensive financial expertise align seamlessly with our commitment and support to continued expansion,» Simplilearn founder and CEO Krishna Kumar said.

The edtech company saw its operating revenue grow to Rs 684 crore in FY23, from Rs 341 crore in FY22, up 50.33%.

The company has raised over $80 million to date and was last valued at around $601 million in its Series E round led by GSV Ventures.

In November 2022, Simplilearn acquired a US-based bootcamp education company, Fullstack