Hyderabad: NSE Academy Limited, a wholly-owned subsidiary of the National Stock Exchange Limited, is acquiring a majority stake in Hyderabad-based deep tech education player TalentSprintPrivate Ltd. However, neither NSE Academy nor TalentSprint divulged any financial details pertaining to the deal.
NSE Academy said TalentSprint augments its objective to be a leader in the education segment with the aim of continuous learning right from K12, university to executive-level corporate learning, not only in terms of finance skills but also in emerging technology areas such as Artificial Intelligence, Machine Learning, Fintech and Blockchain in the capital market and BFSI domain through online and offline modes.
“In recent times there has been a high demand for skill acquisition and up-gradation in these areas, which is also leading to employment avenues for the country’s young graduates and workforce. Moreover, these latest technologies have the biggest impact in the BFSI space and hence an expansion in these areas is a natural progression for NSE Academy,” it said.
Commenting on the deal, NSE Academy CEO Abhilash Misra said the strategic partnership between NSE Academy and TalentSprint creates unique possibilities within the professional education ecosystem and will see them jointly bringing new deep tech skilling opportunities that will have a long term impact on the future of learning and work.
Pointing out that NSE’s mission has been to support the growth of Indian capital markets and financial education has been the biggest enabler in this, NSE managing director & CEO Vikram Limaye said: “As the BFSI industry evolves into a more tech-enabled industry, it is imperative that we strengthen our expertise in the education space by adding new and emerging technologies. TalentSprint’s vision and portfolio offerings complement our growth ambitions in this space.”
TalentSprint co-founder & CEO Santanu Paul said there are six million working professionals in India today in need of deep tech knowledge interventions, and another 10 million college students waiting to enter the workforce with adequate future-proof skills. “Between us, we have all the necessary synergies — capabilities, reach, resources, partnerships — to become a powerhouse in deep tech education and empower the workforce of tomorrow,” he said.
