Udemy is an online education company that provides access to courses, lectures, and other educational materials. The company has been in existence since 2010 and was founded by Eren Bali, Oktay Caglar, Gagan Biyani, David Slooff. In the last few years, it has grown exponentially as more people have realized the benefits of taking courses on Udemy instead of traditional colleges or universities. It now offers over 55 000 classes from 14 000 instructors in 190 countries around the world!
What is Udemy?
Udemy is an online education company that provides access to courses, lectures, and other educational materials.
Udemy’s mission is to empower anyone – regardless of age or income level – with the skills they need to succeed in life by providing lifelong learning opportunities that are accessible anytime anywhere through a variety of devices.
Over 45 million students have taken over 160 million courses.
How the company started and why it’s so popular
The company started in a one-bedroom apartment. It is now worth $900 million and has an annual revenue of over $200 million.
Udemy was created out of necessity to educate Asish’s family, shortly after he completed his Computer Science degree at Cornell University and got his first job as a software engineer on Wall Street.
Asish’s family struggled with understanding what he was doing in his new job and wanted to continue learning before going back to school.
Udemy allowed Asish to teach courses on the subjects that were challenging for him while providing others access worldwide.
12 months after Udemy began, it had enrolled over 100 students.
- Udemy is one of the top 100 most visited websites in the U.S.
- The company has over 45 million students, from all 196 countries that Udemy operates in.
- Over 160 million courses have been taken on Udemy and there are more than 20,000 courses available at any given time for people to take.
- Over the past year, Udemy has seen a 30% growth in the number of students, and revenue is up 40%.
- On average, there are over 20 million hours spent on courses per month by students enrolled in our free program.
- The average course length across all subjects is about 28 hours.
The history of Udemy
In 2013, Udemy was acquired by the world’s leading education domain provider: The TESOL Institute.
Originally a student in Computer Science at Cornell University and then on Wall Street, Asish saw first-hand how difficult it was for his family to understand what he did each day. He also realized that there were many people around the world who would benefit from a lifelong learning opportunity.
In just 12 months, Udemy had enrolled over 100 students and now has 45 million students worldwide, with courses in 196 countries.
Udacity is another online education company founded by Sebastian Thrun that provides free lectures to anyone interested in topics like artificial intelligence or programming languages. The difference? Udacity is a for-profit enterprise.
In the future, Udemy plans to continue focusing on lifelong learning opportunities and empowering people with the skills they need most in order to succeed at work or school.
Why you should invest in Udemy?
Investors are interested in Udemy because of its potential to reach a high number of students and provide them with lifelong learning opportunities.
Udemy is also expanding internationally, which will increase revenue and profits for investors.
This is a good investment for people who are interested in the education market and want an online company that will continue growing rapidly.
Investing in Udemy provides investors with excellent returns on their money, as well as benefits all individuals around the world by providing them with lifelong learning opportunities.
The IPO process and benefits for investors
Last year, Udemy, a platform for mass open online courses, was one of the companies whose development was rather positively affected by the pandemic. The number of the platform’s users grew, and it got new investors. At the same time, the company remains private.
We are waiting for news about Udemy’s IPO. In the meantime, we were able to hold investments in the OTC market at $25.5 in the fall of 2020 and at $40 in the spring of 2021.
Why do people trust Udemy?
People trust Udemy to deliver high-quality courses, content, and instructors because they are constantly working on making sure that the website is user-friendly for students.
Udemy reviews all course material before it goes up so there will be no issues with a class not being what was expected or containing illegal materials.
Students also have the opportunity to post evaluations of classes which help other users decide whether they would like to take them as well. The instructor can also review their own work and make changes if needed in order to provide better learning opportunities for future students. Lastly, any student has an option within 24 hours after taking a class (at least) to get a refund if they believe it wasn’t worth the cost. This gives students peace of mind so they don’t need to worry about the courses that are posted.
Udemy and Coursera are two of the leading online education companies. They have a lot in common, but also significant differences that appeal to different types of students. If you want to invest in the online education market, it will be smart to investing equally in both platforms.