Blackstone to sell Simplilearn stake

Global private equity firm Blackstone is looking to sell its majority stake in Simplilearn, more than three years after buying over 60% in the digital learning platform.

- Mansi Verma & Sneha Shah

MUMBAI:

Four people aware of the plan confirmed the plan, adding Blackstone's investment bankers have sounded out potential buyers. The global investor had invested about $250 million (over ₹1,870 crore) in the Bengaluru-based startup in 2021.

"They are actively scouting for buyers; bankers have been reaching out to enquire about people's interest," one of the four people said. Mint could not identify the investment bankers involved.