Investment management giant, Blackstone has invested $250 million to acquire a majority stake in Bengaluru-based online skill-training company Simplilearn. This is Blackstone’s first-ever PE investment in Asia and India’s consumer tech industry. Blackstone is a known player in the ed-tech market with several known names like Ascend Learning ( which provides software solutions online education companies), Ellucian (known for providing software to universities), and Articulate a SaaS platform for corporate training. According to sources, Simplilearn would use the funds to expand into the US and Europe and collaborate with top universities