KUALA LUMPUR, April 8 (Bernama) -- upGrad, Asia’s higher EdTech major, has 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 programmes, and also for working professionals.
“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,” said Mayank Kumar, Co-founder & MD, upGrad.
Meanwhile, Narayanan V who leads Private Investments at the Sekhsaria Family Office, 100 per cent owners of Talentedge said: “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.”
According to a statement, 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 (US$20 million). (US$1 = RM4.218)
Started in 2015, upGrad is a pioneer in the online education revolution, focused on powering career success for a global workforce of over 1.3 billion.
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.
-- BERNAMA
No comments:
Post a Comment