CL Educate Creates a New Edtech Only Focused Subsidiary; names it Career Launcher

CL Educate, a publicly listed knowledge-tech company has announced its plans to set up an EdTech subsidiary, Career Launcher. The business will exclusively focus on digital business in the EdTech space. Career Launcher aims to emerge among the top four EdTech giants with a focus on aptitude. It also aims to focus on jobs to form the bulk of the higher-education and youth opportunity in India for the next decade or two.

The current edtech space consists of BYJU'S, Unacademy, and Vedantu at its hem. In the sector that Career Launcher aims to compete, only Unacademy with its $3.4 Bn valuations has ventured into employment; Relevel by Unacademy competes with the likes of LinkedIn and Naukri. On the other hand, Careers by Unacademy competes with the likes of Upgrad.

Focus, freedom, and capital, that is the goal, states founder

Commenting on the new subsidiary and the plans forward, Satya Narayanan R, Founder & Chairman, CL Educate said, “The Indian test prep space is on the cusp of a major transformation and the inception of CL is both timely and appropriate. The creation of the digital subsidiary offers three benefits – focus, freedom, and capital.”

“The new vehicle helps CL Educate move from leadership in three segments to five by focusing on aptitude and jobs. India’s EdTech industry will leapfrog to $30 billion in the next 10 years. We would be like to be among the four giant EdTech brands that will dominate this space,” he further added.

Sujatha Kshirsagar, Chief Sales Officer for CL’s digital initiative also said, “The growing demographics, the increasing spending power of Indians, and the priority given to education are the key enablers for us. Our tech-driven sales with a sharp focus on student results are our differentiators. Our ability to scale 10X is what I am focussing on as CSO, given the positive tailwinds for the next few years in EdTech.”

Sujatha is also one of the few women EdTech leaders in India.