This story is from December 07, 2021
Edtech
startupupGrad
is acquiring higher education firm Talentedge for an estimated Rs 300-Rs 400 crore. Talentedge is expected to close this year with Rs 130 crore in revenue.Gurgaon-based Talentedge offers more than 60 courses in partnership with over 20 universities, including the IIMs, XLRI, MICA, eCornell,UCLA Extension
, among others. It has more than 500,000 individual and corporate learners.“Talentedge has meticulously built a strong business over the last decade and stayed the course in this space where most did not survive and we are very pleased to welcome them at upGrad as we build one of the largest edtech companies in the world," said Ronnie Screwvala, chairperson and co-founder of upGrad, which has a learner base of over 2 million across 50 countries, and which turned a unicorn after a funding round of $185 million earlier this year from Singapore's Temasek, and others. The company has made multiple acquisitions in recent times in India and abroad.
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