The open access education company has raised $49.5m of a $60m round and formed a partnership with new investor Times Internet to help it break the Indian market.

US-based open access education platform Coursera raised $49.5m today for the first close of a series C round featuring Times Internet, the internet subsidiary of media company Times Group.

The round so far is being led by led by venture capital firm New Enterprise Associates (NEA) and also includes Kleiner Perkins Caufield & Byers (KPCB) and International Finance Corporation (IFC), the investment arm of the World Bank.

The company expects to close out the round at $60m and has lined…