ATLANTA - upGrad, Asia’s higher EdTech major, today confirmed closing and integrating all of Talentedge’s business with upGrad.
Talentedge is in the top four higher EdTech companies In India, with strong partnerships with leading universities for degree programs, and also for working professionals. Under the upGrad umbrella, Talentedge will operate under its own name and in the coming financial year is slated to cross a gross revenue of INR 150 Crore ($20 Mn).
Talentedge was valued at INR 205 Cr ($27 Mn) and the near 100% share swap transaction was done at an upGrad value of $2Bn.
“Talentedge has created a strong business for itself over the last decade and we are very happy to join forces with upGrad to scale this together to new heights. We have a deep belief in the future of Edtech. Talentedge integrated inside upGrad will be a formidable combination that will be very value accretive for both,” said Narayanan V who leads Private Investments at the Sekhsaria Family Office, 100% owners of Talentedge.
“The coming together of Talentedge with upGrad cements our leadership position in India’s LifeLongLearning market and we see great synergies, cost savings and our ability to scale and consolidate,” concludes Mayank Kumar, Co-founder & MD, upGrad.
About upGrad
upGrad - started in 2015 - is a pioneer in the online education revolution, focused on powering career success for a global workforce of over 1.3 billion. It is one of the few Integrated LifeLongLearning Tech Companies in the world - spanning the college learner to the working professional from the age group of 18-50 years and across Undergrad courses, Campus & Job Linked Programs, Studying Abroad, short form to executive programs to Degrees, Masters and Doctoral - with a learner base of over 2 million across 100+ countries and over 300 university partners and a robust enterprise business with a client base of 1000 companies worldwide.
upGrad’s Global Learning Engine rests on four pillars - (a) its large repository of original & owned content and IP, (b) its own best-in-class proprietary tech platform, (c) its high touch human led delivery service backed by coaches & mentors, and (d) an 85% course completion track record, backed by a further 80% career outcomes guaranteed performance.
Already termed Asia’s higher EdTech leader it has offices in the UK, U.S., Middle East, India, Singapore & Vietnam, and with presence in many more countries.
View source version on businesswire.com: https://www.businesswire.com/news/home/20220407005400/en/
*Source: AETOSWire