Invested in Multibhashi, an Indian Online English Language Learning Player【English】
Invested in Multibhashi, an Indian Online English Language Learning Player
Accelerate collaboration with EdTech players around the world to realize the vision
RareJob, Inc. (hereinafter, “RareJob”) , which operates the English-related business, is pleased to announce its minority investment in one of the leading Indian online English language learning player, Multibhashi Solutions Pvt Ltd. (hereinafter, “Multibhashi”) with a strong focus on English learning through various Indian languages.
Background to the Investment in Multibhashi
India now claims to be the second largest English-speaking country in the world with close to 125 million English speakers. However, looking at the total population, the percentage of people who can speak English is only a handful, of about 10% of the total population of about 1.3 billion. English is a quasi-official language in the country and in the labor market, salary levels vary greatly depending on whether you can speak English or not. Therefore, English communication is one of the most important employment skills for people in India.
When we looked at the players in the Indian English education ecosystem, most of them were either brick and mortar models which were neither very scalable nor really affordable for the end-customer; or online players which only enabled self-learning and focused more on gamification and engagement metrics.
Among these varied players, Multibhashi stood out with its unwavering focus on learning outcomes and a unique model to deliver real learning outcomes with a combination of self-learning and tutor led learning. The Company has spent the last couple of years perfecting the delivery of real learning outcomes for any user who wants to learn a new language or improve his/her skill in understanding, reading, writing or speaking that language. The Company boasts of one of the largest English tutor networks across the country. As we expand globally in the future, we believe this investment presents an opportunity to build a strong exclusive partnership in India, which led to this minority investment.
* Calculated as the number of blue and grey collared professionals in the country which is the prime focus for Multibhashi
Collaboration with Multibhashi and Possibility of Future Development
We hope to learn from each other’s experience in two varied markets. In cooperation with Multibhashi, we will build a solid foundation for accelerating global business development. Going forward, RareJob will continue to grow as a leading company in the EdTech industry and become a company that can compete globally.
Outline of the Multibhashi Inc.
・ Company name: Multibhashi Solutions Pvt Ltd.
・ Location: Office no 214, Second floor, Arcade, Brigade Metropolis, Mahadevapura , Bengaluru, Karnataka India
・ Representative: Anuradha Agarwal
・ Business Overview: Providing online English tutorial business in India
Arakawa,Mizuguchi PR Department, RareJob, Inc.