Udemy.com
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Udemy.com is an online marketplace which provides an online platform for experts of any kind to create courses which can be offered to the public.
Udemy courses are offered across a breadth of categories, including Business and Entrepreneurship, Academics, IT and Software, Development, Design, Marketing, Office Productivity, Personal Development, Lifestyle, Photography, Health and Fitness, Language and Music.
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Udemy also offers Udemy for Business, enabling businesses access to a targeted suite of over 1 300 training courses on topics from digital marketing tactics to office productivity, design, management, programming and more. With Udemy for Business organisations can also create custom learning portals for corporate training.
In 2007, Udemy founder Eren Bali built software for a live virtual classroom while living in Turkey. He moved to Silicon Valley two years later to found a company and the site was launched in early 2010. In February 2010 the founders tried to raise venture capital funding but the idea failed to impress investors and they were rejected 30 times. In response to this, they bootstrapped the development of the product and in May 2010 "The Academy of You" was launched.
Within a few months, 1 000 instructors had created about 2 000 courses and Udemy has nearly 10 000 registered users. Based on this favourable market reaction, they decided to attempt another round of financing and raised $1 million in venture funding by August. This was significantly more than they had originally sought when approaching investors just a few months earlier.
By mid 2016 they had raised in excess of $170 million in funding and Udemy led a joint venture with another online learning house, Skillsdox Inc of Canada, to open up School of Skill in India.
Within a few months, 1 000 instructors had created about 2 000 courses and Udemy has nearly 10 000 registered users. Based on this favourable market reaction, they decided to attempt another round of financing and raised $1 million in venture funding by August. This was significantly more than they had originally sought when approaching investors just a few months earlier.
By mid 2016 they had raised in excess of $170 million in funding and Udemy led a joint venture with another online learning house, Skillsdox Inc of Canada, to open up School of Skill in India.
