Developed in May 2010, Udemy is an online educational platform, having its unlisted shares for purchase on the Minance Private Market.
An online platform for teaching and learning that allows people to enhance skills and get something new to learn with every free hour. It has courses ranging from data science to design, to computer languages, photography, marketing, and many other categories.
Udemy is a platform where anyone regardless of their age can come and study.
Udemy has seen exponential growth in the last ten years, and as of 2020, it has enrolled more than 295 million customers. The platform has over 60,000 professional instructors teaching in 65 languages, to target all possible demographics.
Since the coronavirus pandemic, the Edutech industry has been the few to benefit from the situation and grow at even a higher pace, which makes Udemy’s unlisted shares worth the investment. Due to various businesses being shut down or put on hold, the general public has had a handful of times to go on the web and study online, which makes Udemy everyone’s first choice.
In April 2020, Udemy saw a big jump in the enrollment rate of technical courses and soft skills courses. While the popularity of mastery courses spiked by almost 146%, increased demand for AI and machine learning courses was also recorded. Also, there was a rise in the creativity course attendees by 84%, which makes the unlisted shares of Udemy more attractive to an active trader.
After achieving such great numbers in its sales, the online marketplace has raised $50 million from Japanese-based educational publisher Benesse Holdings. Another $200 million investment has been raised from Learn Capital, Insight Partners, Norwest Venture Partners, and other investors. This investment round has made Udemy’s valuation cross the $2 billion mark. An extremely high valuation that ensures a high premium on its unlisted shares.