The business of online learning boomed during the Corona epidemic. Coursera is one such platform, which has become quite famous among those taking online education. Now the value of Coursera is $ 5 billion, which is about 500 crores according to the Indian rupee. Today let us tell you about the success story of Coursera. This startup was started by two professors from Stanford University. This is a California technology company. This company was founded in the year 2012 by two professors of Stanford University.
Seeing the vast potential of online education, both of them launched it. It was convenient and easily accessible for both teachers and students. Initially Stanford, Princeton, University of Michigan and University of Pennsylvania were their clients. Coursera later developed Massive Open Online Courses (MOOCs), which provide easy access to a variety of learning courses developed by universities and companies for a fixed fee.
Coursera has over 229 partners in 54 countries
Currently, Coursera has more than 229 partners in 54 countries. These partners include Yale University, Duke University, University of Virginia and University of London. Big companies like Google, Amazon, Facebook and Goldman Sachs are now offering a variety of courses in the Coursera app. Today the company offers a total of 6,533 courses to its 73 million plus members.
Coursera is the primary source of earning money for the company. Its monthly subscription usually ranges from Rs 3,191 to Rs 7,284 for technical and specialization courses. Whereas the cost of its online delivery ranges from Rs 12,15,564 to Rs 24,55,365. In 2020, the company made the highest profit since its formation in the year 2012.
Coursera also offers free online courses
Coursera has also created 3,000 free online courses for low budget users and people who are trying this platform. After the Corona epidemic, the government had to temporarily suspend the classes. After this the focus of universities shifted towards online. It has many benefits. Students no longer need to travel to and from school and can complete all their education from the comfort of their homes. Apart from studying their subjects, they are developing new skills by working on tools like Skype, Zoom, Dropbox and Trello.
Coursera gave employment to 24,000 people
Coursera is headquartered in Mountain View, California. Apart from this, it also runs an office from London. The company has given employment to a total of 24,000 people at these two places. In 2012, Andrew Ng and Daphne Kollner quit their jobs at Stanford to set up this company. That year, his startup raised $16 million in funding led by Kleiner Perkins Caufield & Byers and New Enterprise Associates.
Between 2013 and 2019, the company continued to raise more funds through Series B World Bank Group funding and Series C EDB Investment funding. During this time the growth of the company also happened rapidly. Venture capitalist Jeff Maggioncalda was hired as CEO in 2017, after Ng and Kollner stepped down as chairmen. Later the company raised its valuation to $2.5 billion. At the same time, Bloomberg said that the valuation of the company has increased to $ 5 billion, although their debut in the US stock market is to be determined.
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