Online education platform upGrad acquires Centum Learning to improve the skills of the company’s workforce

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Online higher education platform upGrad announced on Thursday that it has acquired a provider of corporate training solutions Centum Learning in a share exchange. The company did not disclose the size of the deal.



With this transaction, Bharti Enterprises Limited and its subsidiaries will join upGrad’s capitalization table.

Based in New Delhi hundred with 2,000 employees is likely to record revenue of Rs 170 crore in FY23.

Centum’s will continue to operate independently under Sanjay Bahlmanaging director and CEO, the company said in a statement.

“upGrad has always viewed improving business skills as a strategic growth driver and we are making non-linear moves to reinvent B2B learning in India and create an integrated lifelong learning ecosystem for our stakeholders,” said Mayank Kumar, co-founder and CEO of upGrad.

Centum has enabled 360-degree learning solutions from entry-level professionals to mid-level leaders with direct and measurable business impacts.

With over 3,000 L&D specialists, Centum Learning has trained over two million people, enabling over 400 companies across India and Africa.

“Both UpGrad and Centum are committed to generating results for their learners and therefore I am excited to combine the two synergies to create a scalable portfolio for continued results,” said Bahl.

Last month, upGrad raised $210 million (around Rs 1,670 crore) in a round attended by ETS Global, Bodhi Tree, Kaizen Management Advisors and others.

The edtech company said it is on track to record annual gross revenue of $400 million to $500 million in FY23, with about 45% of total revenue coming from its online courses and programs. its own brand.

Launched in 2015, the edtech platform has more than three million learners in more than 100 countries, more than 300 partner universities and a customer base of 1,000 companies.

In July, upGrad acquired online learning institution Harappa Education for Rs 300 crore (about $38 million).

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