Edtech unicorn upGrad acquires corporate training platform Centum

• ByStartupStory     |    September 15, 2022

On September 15, Mumbai based Edtech unicorn upGrad acquired Centum Learning, a corporate training solutions company in a deal of share-swap.

According to a statement from upGrad, Bharti Limited (the parent company of Centum Learning) and its affiliates will now be included on upGrad’s cap table as a result of this transaction. Additionally, it stated that Centum will continue to operate independently under Sanjay Bahl, managing director, and chief executive officer of Centum Learning.

At a time when the edtech unicorn appears to be on an acquisition spree, Centum has been added to upGrad’s family of businesses.

Mayank Kumar, co-founder and managing director (MD), and Gaurav Kumar – president, Corporate Development of upGrad said “Enterprise workforce upskilling is a supercritical need. The sector remains highly fragmented. upGrad has always seen enterprise upskilling as a strategic growth driver and we are making some nonlinear movements to reinvent B2B learning in India and create an integrated ‘Life Long Learning’ ecosystem for our stakeholders,” 

Corporate training provider, Centum is expected to generate a revenue of Rs 170 crores ($21 million) in FY23.

 Centum’s Bahl said, “We have put in years of hard work building a bespoke training and content portfolio that makes new-age learning more immersive and outcome-oriented for both corporates and individuals. Both upGrad and Centum are committed to driving outcomes for their learners. Therefore, I am excited about combining the two synergies for creating a scalable portfolio for continued results,”

 The company’s strategy behind the acquisition spree is creating a lifelong learning journey for their users, which starts from post-K through 12 (post-kindergarten to 12th grade) to the 55-60 age group,said Kumar.

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