CIEL Group, a leading HR solutions provider in India, announced a strategic investment in Courseplay, a global learning experience platform (LXP). This move reinforces CIEL’s commitment to tech-enabled HR solutions and aligns with its upcoming IPO in 2024-25.
Courseplay empowers over a million employees globally through its 360-degree learning approach, integrating on-the-job, social, and formal learning experiences. This acquisition strengthens CIEL’s HRTech portfolio, which includes platforms like ProSculpt, HfactoR, Jombay, and CielJobs.
“We are thrilled to welcome Courseplay,” said, K Pandiarajan, executive chairperson, CIEL Group. “This acquisition marks a pivotal step towards becoming a leading global HR solutions provider. Integrating Courseplay’s AI-powered platform aligns with our vision, driving innovation and growth in the HR space.”
Recognising the transformative potential of AI in HR, CIEL has seen its HRTech revenue surge by 64 per cent in Q3 FY24. The company actively seeks AI-powered solutions across the employee lifecycle, from candidate profiling to retention and separation management.
“The Courseplay acquisition signifies a significant milestone in our HRTech journey,” stated Mr Aditya Narayan Mishra, Managing Director & CEO of CIEL HR Services. “As technology evolves, so do in-demand skillsets. CIEL sees this as an opportunity to facilitate global upskilling and transform the talent landscape.”
Arjun Gupta, founder and CEO, Courseplay, expressed his enthusiasm: “This acquisition marks a momentous step for Courseplay. We’ve been dedicated to revolutionising the L&D industry, and joining CIEL allows us to amplify our global impact.”
Highlighting the booming L&D market, Gupta noted, “Our research indicates the global corporate eLearning market is estimated to reach $38.5 billion by 2026. Courseplay foresaw this trend and developed a dynamic platform to create engaging and effective learning experiences.”
Rajiv Krishnan, managing director & CEO of Ma Foi Strategy and CIEL Skills & Careers, elaborated on synergies with existing platforms: “Courseplay complements ProSculpt, our college skilling platform, and Helevate, our HR finishing school programme. This integration helps us stay ahead of the curve in the market.”
Moxie Capital, Hreem Legal, NovoJuris, Proficio, and Aeka served as advisors for the transaction.
CIEL’s strategic investment in Courseplay positions the company as a strong contender in the global HR Tech space. The combined expertise and resources will empower them to drive innovation and shape the future of talent development.
