upGrad Inc. Budgets $250 Million For Mergers And Acquisitions In Global Higher EdTech

Investments will help upGrad accelerate build-out of integrated and connected global model

upGrad, one the world’s leading higher EdTech platforms,  announced it is budgeting $250 million for mergers and acquisitions (M&A) over the next nine months. The investments will focus on helping the company more rapidly build out a strong, integrated, and connected model in higher education across multiple geographies.

Recommended AI News: Etherlite Is Giving ETL Tokens to Every ETH Wallet Holder; Biggest Airdrop Ever

“upGrad is now becoming one of the most integrated higher-ed tech companies – spanning all aspects of lifelong learning – from undergrad to test prep, from being a top choice for universities to go digital through technology and SaaS enablement, to offering degrees in the most sought-after fields for learners to build their careers of tomorrow,” said North America General Manager, Karan Raturi.

Co-Founder and Chairman Ronnie Screwvala said upGrad has identified specific segments as well as target companies the EdTech leader is interested in adding to its platform, two of which will be announced over the next 60 days, which include:

• High-touch digital learning experiences that bring additional value to what upGrad has pioneered over the last six years;
• Global, immersive short form learning;
• First mover advantage and scale players in emerging markets including Africa, Indonesia, and Vietnam;
• High traffic, low ARPU (average revenue per unit) players who can accelerate upGrad’s large product offering in short formats and soft skills market – leading to a subscription platform;
• Emerging models for international learners;
• OPM (Online Program Management) systems that can help fast-track upGrad’s partnership with universities at scale and around the world; and
• Strategic long-term partnerships with universities for lifelong learning.

“upGrad is looking to merge with and acquire companies with exceptional founders who will join us as fellow entrepreneurs to build the world’s best upskilling platform,” said Screwvala, highlighting upGrad’s non-linear growth strategy. “These investments are designed to accelerate our ability to deliver a deep, immersive learning experience with high touchpoints that appeal to working professionals.” Screwvala noted that upGrad raised its first capital from outside investors this year, including $160 million from Temasek and IFC. “upGrad is focused on adding the right pieces that allow us to rapidly scale our platform for global growth.”

Recommended AI News: Claritas Consumer Data Now Available on Narrative’s Data Streaming Platform