November 18, 2020.
TED NewsDesk, Hyderabad: NSE Academy Limited, which is an arm of the National Stock Exchange of India, has acquired a majority stake of 51% in Hyderabad-based TalentSprint which is a deep tech education venture. In the phase-wise acquisition of the stake, the NSE arm would acquire a total stake over the firm within three years.
Co-founder of Talent sprint, Santanu Paul would continue in the leadership position for the coming three years. The size of this deal, however, has not yet been revealed by either party, citing non-disclosure norms.
TalentSprint has its education technology platform that operates in professional learning and executive education space. It also has partnerships and tie-ups with premier institutes like Indian Institute of Science (IISc, Bengaluru), International Institute of Technology (Hyderabad) and the Indian Institute of Management (Calcutta) to offer courses in deep tech spheres such as artificial intelligence, machine learning, blockchain and fintech. It provides students with advanced certificate programs in a range of options within emerging trends and deep technologies, wherein aspiring and experienced professionals use a hybrid online-onsite model.
“Talent sprint” will augment NSE Academy’s objective to be the leader in the education segment to provide continuous life-long learning opportunities,” said a statement by the firm. ” In recent times, there has been a high demand for skill acquisition and up-gradation in newer technologies. Additionally, these latest technologies have the biggest impact in the BFSI (banking, financial services and insurance) space,” it said. Vikram Limaye, the Managing Director and Chief Executive Officer of NSE, explained that there are beyond 6 million working professionals in India in need of deep tech knowledge interventions. Approximately another 10 million college students are awaiting their entry into the workforce with adequate future-proof skills.
“Between the two entities, we have all the necessary synergies- capabilities, reach, resources, partnerships- to become a powerhouse in deep tech education and empower the workforce of tomorrow,” said Santanu Paul, Co-founder and CEO at TalentSprint.
Such Indian firms need support and encouragement to arm today’s youth with resources to take on industry requirements with confidence in the coming years. Keeping in mind the brain-drain and loss of opportunities students continue facing today; deep education tech might be the missing piece of the puzzle in skill-building.
Source: Business Line