upgrad companies, upgrad acquisitions, impartus, the gate academy, knowledgehut, upgrad campus, upgrad jeet, edtech startups, education technology
AgenciesMumbai: upGrad has consolidated its three Indian subsidiaries—upGrad Campus, upGrad Jeet and upGrad KnowledgeHut—to create one parent company in India, at a time when the wider edtech sector of the country is witnessing significant churn.
The merged entity would cover the entire gamut of higher educational technology offerings, catering to college learners and working professionals, according to a statement Thursday.
The three subsidiaries are in fact acquisitions that were rebranded by upGrad.

  • upGrad Campus was originally Impartus, a video-enabled learning solutions provider that was acquired by the edtech unicorn in May this year. Rs 150 crore was infused into this business.
  • The Gate Academy, which was acquired in November 2020, was rebranded as upGrad Jeet. The company has invested Rs 100 crore in this test preparation business.
  • upGrad acquired KnowledgeHut, which provides short-duration upskilling and reskilling courses to professionals, in August and renamed it upGrad KnowledgeHut.

“The merger of all the India entities is to strengthen the corporate structure and consolidate our position as a truly integrated edtech player and provide a strong foundation for our global strategy,” said Ronnie Screwvala, cofounder and chairman at upGrad. Our offices in the Asia Pacific, Europe, Middle East and Africa, and the United States will continue to operate as independent subsidiaries.”
upGrad aims to achieve 7.5 million registered users by 2024 by partnering with over 1,298 universities, 3,110 corporates and expanding its network of faculty, mentors and experts to 11,078. At present, it has over 300 university partnerships with over two million registered users across 50 countries.
With inputs from PTI.

TECH NEWS RELATED

Gene-editing used to create single sex mice litters

The black coat of the mouse refers to the genetically modified cells, the white is the non-modified cells. The researchers breed these animals to produce offspring which are 100% genetically modified, containing one half of CRISPR-Cas9. Credit: The Francis Crick Institute Scientists at the Francis Crick Institute, in collaboration ...

View more: Gene-editing used to create single sex mice litters

Hack Attack Burns Bitcoin, Ethereum Worth $120 Million Stored on DeFi Protocol Badger DAO

Badger DAO enables Bitcoin to be used as collateral across DeFi applications Thanks to a hack attack, decentralised finance (DeFi) protocol Badger DAO has lost $120 million (roughly Rs. 900 crore) worth of Bitcoin and Ethereum. The attack was identified on November 1. While details on the attackers are ...

View more: Hack Attack Burns Bitcoin, Ethereum Worth $120 Million Stored on DeFi Protocol Badger DAO

Curefit raises $145 million in funding round led by Zomato

ETtechMumbai: Curefit Healthcare Pvt. Ltd., which operates fitness platform Cultfit, has raised $145 million in a funding round led by food delivery company Zomato Ltd.Accel, South Park Commons, Singapore-based investment company Temasek Holdings Ltd, a few individuals, and Curefit’s cofounder Mukesh Bansal also participated in the fundraising according to regulatory ...

View more: Curefit raises $145 million in funding round led by Zomato

Russia files court cases for fines on annual turnover of Google, Meta - RIA

A 3D printed Facebook's new rebrand logo Meta is seen in front of displayed Google logo in this illustration taken on November 2, 2021. REUTERS/Dado Ruvic/Illustration MOSCOW, Dec 3 (Reuters) – Russia's state communications regulator Roskomnadzor has filed administrative cases at a Moscow court against Google and Meta that ...

View more: Russia files court cases for fines on annual turnover of Google, Meta - RIA

Unvaccinated colleagues top barrier for UK office return: Report

UK workers are most concerned about unvaccinated colleagues and catching the flu when it comes to returning to offices, research has found. It comes as the spread of a new Covid-19 variant called Omicron has seen the UK re-introduce mask-wearing rules and businesses start to take extra precautions once ...

View more: Unvaccinated colleagues top barrier for UK office return: Report

Reliance Jio increases prices of these three all-in-one JioPhone plans

Reliance Jio has revised its JioPhone all-in-one plans. The revision comes days after the telco increased the price of its prepaid mobile plans. The Mukesh Ambani-owned company has now hiked the price of three JioPhone plans and has also announced a new plan. For those unaware, JioPhone plans only work ...

View more: Reliance Jio increases prices of these three all-in-one JioPhone plans

Nubia Red Magic 7 with 165W charging support reportedly gets 3C certification

Nubia Red Magic 7 smartphone has reportedly received the 3C certifications hinting at imminent launch. According to a post by Digital Chat Station on Weibo, the upcoming flagship smartphone from Nubia has got the China Compulsory Certification. The report further suggests that the device may support up to 165W fast ...

View more: Nubia Red Magic 7 with 165W charging support reportedly gets 3C certification

Moto G51 likely to be launched in India on December 10: All you need to know

Earlier this week, Motorola launched the Moto G31 in India. Now, the Moto G51 might be on its way. The Moto G51 could be unveiled in India as early as December 10. The Moto G51 is a budget 5G smartphone that was previously unveiled in Europe alongside other affordable ...

View more: Moto G51 likely to be launched in India on December 10: All you need to know

Tropical storm brewing in Bay of Bengal off Indian coast

PS5 Restock India: Pre-Order PlayStation 5, PS5 Digital Edition on December 6 at 12pm

Netflix Launches 3 New Mobile Games for Android Devices

Universities, polytechnics join hands with Dell to develop tech-related curriculum

OnePlus 9RT price in India leaked online: Check here

Physicists exploit space and time symmetries to control quantum materials

Volvo Cars is going leather-free with its future EVs

Opt-out rate for mobile app tracking to decline by 2023: Report

Softbank Group shares slide 3% after triple setback of Didi, Arm and Grab

Didi delisting: A chronicle of the ride hailing giant’s troubles since its New York IPO five months ago

These are the top apps, games on Apple App Store in 2021

This is how government is planning to take Aadhaar global

OTHER TECH NEWS

;