India, May 29 -- IPO-bound upskilling startup Imarticus Learning has acquired Bengaluru-based edtech platform MyCaptain for INR 50 Cr in a cash and stock deal.

With this, MyCaptain will now operate as a fully-owned subsidiary of the Mumbai-based startup. All 250 employees of the edtech platform will be absorbed into the consolidated entity, Imarticus said.

"We have absorbed all of them, including the founders, who will continue to run the business with us," Imarticus cofounder and COO Sonya Hooja said.

With the acquisition, Imarticus will look to bolster its course offerings by leveraging MyCaptain's expertise in digital marketing and grow the latter's "scale" by at least 5X over the next three years. Going forward, the Mumbai-based ed...