Company Overview
- Founded in the year 2015 by Mayank Kumar, Phalgun Kompalli, Ravijot Chugh, and Ronnie Screwvala, UpGrad is an online higher education platform providing programs in Data Science, Technology, Management, and Law
- UpGrad’s range of programs consists of digital marketing, product management, entrepreneurship, data analytics, data-driven management, and digital technology management. It offers industry insights and student support services.
- Founded by three IIT-graduates namely Amit Mahensaria, Alok Choudhary, and Manish Kumar, Bengaluru-based Impartus, now a subsidiary of upGrad, has been integrated into the company and has been rebranded as ‘upGrad Campus’.
- Impartus was one among the many front-runners in allowing schools and colleges to migrate online at zero cost. The platform has successfully on-boarded over 280 higherEd institutes, 50,000 teachers, and 6 lakh learners within a short span of seven years.
Acquisition Overview
- Mumbai-based edtech startup upGrad has acquired Impartus, a video-enabled learning solutions provider for a deal worth INR 150 Crore.
- With this acquisition, upGrad, which predominantly focuses on working professionals, will now be able to strengthen its presence among HigherEd institutions & learners.
- Given the market opportunity, upGrad expects this move will enable the company to add 50,000 paid learners in the very first year of the acquisition.
- According to the company, upGrad Campus will now have two business verticals — B2C and B2B. Under B2C, it’ll be offering job-oriented courses in areas of Full Stack Development, Artificial Intelligence, Digital Marketing, Business Analytics, etc