MBD to invest Rs 100 cr on e-learning portal

New Delhi, Feb 24 (UNI) MBD Alchemie, the e-learning division of Rs 1,000 crore MBD Group, will invest about Rs 100 crore in the next three-four years on its online education project and targets a revenue of Rs 500 crore from this venture.

''We will invest about Rs 100 crore in the next three-four years in our knowledge portal,'' MBD Group Sr Director Monica Malhotra told reporters on the sidelines of a conference here.

The company targets a revenue of about Rs 500 crore from this project, which will be launched in next two-three months, she added.

This initiative will be launched in partnership with the IBM, which will provide software, systems and services, while MBD will provide the content.

The investment will be through internal accrual, said Ms Malhotra.

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