Ed-tech Unicorn upGrad weighs non-linear growth options as focus points
- ByTejika Bajaj | January 4, 2022
Ed-tech unicorn upGrad which has been on an acquisition spree lately revealed that they will weigh non-linear growth options through acquisitions and step up their focus on outcome as well as profitability this year.
The seven-year-old startup has exhibited its belief of registering massive growth this year with its user base increasing significantly to 7.5 million users within a span of two years.
Talking about their future plans of growth and expansion, the co-founder and Managing Director of upGrad, Mayank Kumar stated, “In 2022, there will be a strong emphasis on the outcomes and profitability. We foresee accelerated university partnership expansions, tie-ups with global universities to offer diversified online programmes in regions including India, the Middle East, Africa, Southeast Asia and beyond. The company is upbeat on raising the topline this year. We are looking at strategic non-linear growth opportunities through key M&A (merger and acquisition) activities.”
“We aim to achieve 7.5 million registered users by 2024 by partnering with over 1,298 universities and 3,110 corporates, and expanding its network of faculties, mentors, and experts to 11,078,” Kumar said.
Incepted in 2015, upGrad is an online learning platform focused upon the higher education and professional upskilling space. The startup claims to have a registered user base of 2 million across diverse countries along with 300 university partners. The startup also boasts of its robust enterprise business with a client base of 1,000 companies worldwide.
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