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Sunday, July 14, 2024

Edtech firm UpGrad announces merger with Harappa Education in $38M deal

UpGrad, an edtech company, has merged with Harappa Education. UpGrad is one of the world’s few complete life-long learning technology companies.

UpGrad, an integrated higher EdTech provider located in India, has announced a $38 million merger with Harappa Education to establish enterprise learning leadership in India. According to UpGrad, Harappa Education will earn roughly $10 million this year.

This transaction was completed by UpGrad in collaboration with current Harappa Education shareholders, Bodhi Tree Systems, a newly built platform between James Murdoch and Uday Shankar, and Co Founders Pramath Raj Sinha and Shreyasi Singh.

The online learning institution situated in New Delhi offers self-paced courses to address the growing issue of low employability, poor leadership, and an under-equipped workforce.

Harappa Education today serves 100 mid-large businesses.  UpGrad, created in 2015, is a pioneer in the online education revolution, devoted to inspiring professional achievement for the world’s 1.3 billion workforce.

It is one of the world’s few comprehensive lifelonglearning software firms, with over 3 million learners across 100+ countries and over 300 university partners, as well as a powerful corporate company with 1000 employees.

UpGrad’s global learning engine is built on four pillars: a large repository of original and owned content and intellectual property (IP), its own best-in-class proprietary tech platform, a high touch human-led delivery service backed by coaches and mentors, and an 85 percent track record of course completion backed by an additional 80 percent career outcomes guaranteed performance.

The corporation has offices in the United Kingdom, the United States, the Middle East, India, Singapore, and Vietnam, as well as a presence in several other countries.

Pramath Raj Sinha and Shreyasi Singh, founders of Harappa Education, stated, ” “Mergers bring together like-minded entrepreneurs to establish strong, creative organizations. We are ecstatic to be working with Ronnie and Mayank, who have created such an innovative global organization, to achieve the immense potential of our unique curriculum of social, cognitive, and behavioral abilities…”

UpGrad Co-Founders Ronnie Screwvala and Mayank Kumar, stated,  “We plan to offer a comprehensive suite of goods to our enterprise partners, similar to the integrated approach that we have been able to achieve in the business to consumer (B2C) category. A combination of upskilling courses and the critical skills provided by Harappa Education would distinguish us. We are seeing significant demand from our clients, and with the addition of Harappa Education, we feel we will be able to grow exponentially within the category as we harness the synergies. Pramath and Shreyasi have a solid business background, which propels our desire to become the worldwide edtech leader.”

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