upGrad, Asia’s largest integrated career skilling and workforce development company integrates its diversified study abroad portfolio with a wide range of blended and online courses to become the market leader. “Ranging from market-ready skilling programs to assuring the last-mile connectivity with global recruiters, we have built a one-stop spectrum to enable the learning and placement needs of…
Edtech unicorn upGrad has completed an internal rights issue worth Rs 300 crore, amid a challenging climate where venture funding for the sector appears to be dwindling, according to moneycontrol report. In a statement, the company said that existing shareholder Temasek contributed Rs 81 crore, while upGrad co-founder and chairperson Ronnie Screwvala contributed Rs 212…
Harappa Learning – part of Asia’s largest higher edtech company upGrad, today unveiled plans to create a one-of-its-kind Leadership School to build the Owners & top management of tomorrow. Pramath Raj Sinha, Founding Dean of ISB & Chairman of Harappa Education and someone who has transformed management education, will lead this initiative that commits to training over 50,000 working…
Edtech unicorn upGrad announced it has raised $210 million in a fresh funding round from marquee investors. upGrad, in a statement, announced that it has raised $210 million in a round that saw participation from ETS Global, Bodhi Tree, Kaizen Management Advisors and others. Moreover, the founder group also invested $12.5 million in this round to…
Edtech major upGrad has closed a $185-million funding round at a valuation of $1.2 billion, thus entering the coveted unicorn club. Singapore’s Temasek Holdings Ltd, the World Bank’s International Finance Corporation and IIFL participated in the funding round. “We are pleased with the investor interest ever since we opened up for fundraise, and had our…
India’s edtech major, upGrad, announced it has acquired Impartus, a video-enabled solutions provider, and committed over Rs 150 crore for the buyout and to invest in its growth, according to ETTelecom report. Kaizenvest was the institutional investor partner for Impartus for this deal. Impartus, now a 100% subsidiary of upgrad, has been rebranded as ‘upGrad…
upGrad, South Asia’s largest online higher education company, announced that it has raised USD 120 million from Temasek, a global investment company headquartered in Singapore. This is the first external funding raised by the edtech major. Since its founding six years ago in 2015, upGrad has been 100% owned, funded, and run by its co-founders…
upGrad, South Asia’s higher edtech company, has announced that it has crossed the milestone of USD 14 Million a month and achieved an Annual Revenue Run rate (ARR) of USD 165 Million. The edtech major now targets 25% revenue growth in the next quarter (April-May-June) with profitability in sight. Ronnie Screwvala said, “It’s been a…
upGrad, India’s largest online higher education company, has appointed Zubin Gandevia as CEO for the region, effective from January, 2021. He will be based out of Hong Kong. Zubin most recently served as President, Asia Pacific and Middle East, at FOX Networks Group Asia (part of the Walt Disney Co.). In this role, Zubin led…
upGrad, India’s largest online higher education company, announced its entry into the test preparation market with the 100% acquisition of The Gate Academy (TGA) for an undisclosed amount. Bengaluru-based TGA is one of India’s premier coaching institutes with 57 centers across India and 76 million video hours consumed by its almost 2 lakh enrolled learners…
upGrad, India’s largest online higher education company, in a move to strengthen its penetration into the international markets, announced the appointment of Saranjit Sangar as the CEO – UK, Europe, and Middle East, effective 1st October 2020. Saranjit will be based out of London UK. Saranjit is an experienced leader with a diverse international career…
TrueFan, a celebrity fan engagement platform founded by former Warburg Pincus executives, announced that it has raised $4.3 million in funding. The first round of funding was led by Ronnie Screwvala, Mayfield India, and Saama Capital, as per ETtech report. For about Rs 50, users can play quizzes around their celebrities, and winners get a…
upGrad, an online higher education platform, has earmarked Rs 50 crore for acquiring two-three peers during the current fiscal, the company said to the PTI. However, the company did not disclose the name of the companies that it plans to acquire. “We are in active discussions. There are some interesting opportunities in these times and…
upGrad, an online higher education company, partners with major corporates across BFSI and Technology sector to provide placement opportunities to the remotest corners of India with over 300 cities, thereby getting ‘Bharat’ to work. The initiative is being undertaken by the upGrad Academy Business vertical, which extends upskilling opportunities to the first-time job seekers and…
EdTech or Educational Technology is the combined use of physical equipment, programming, and instructive theory to provide learning and encouraging education by improving the execution, creation, and usage of technological resources. It encompasses several domains including online training, computer based-education, and m-learning (learning through mobiles).