Upgrad acquires Harappa Education for ₹300 crore

Bengaluru: Edtech player Harappa Education has merged with Upgrad in a deal valued at Rs 300 crore through a combination of cash and stock.
Upgrad closed this transaction with Harappa shareholders Bodhi Tree Systems, a newly formed platform between James Murdoch and Uday Shankar, and co-founders Pramath Raj Sinha and Shreyasi Singh.
Raj Sinha is also the founding dean of the Indian School of Business (ISB) and founder trustee of Ashoka University, and Shreyasi Singh is a former editor of India Inc.Harappa has an active clientele of 100 mid and large-sized organisations.
“Enterprise learning is large scale, and our presence was limited. Harappa comes with a deep-rooted understanding, and we can leverage synergies with a stronger leadership positioning in the B2B enterprise training and learning space,” said Mayank Kumar, co-founder of upGrad.
Raj Sinha said Harappa has unique content creation capabilities with Indian case studies and context that are sharply differentiated against other startups that use western case studies. “We have 100 plus clients, and we will piggyback on what they are doing that we can leverage to grow better, faster and bigger,” he said.