upGrad acquires early-talent marketplace Internshala
- ByStartupStory | February 26, 2026
upGrad, an integrated skilling and workforce development company, has acquired the early-talent marketplace Internshala for an undisclosed amount through a transaction in which 90% of the consideration was structured as a stock swap.
The deal values Internshala at around Rs 100 crore.
According to upGrad, it will invest additional resources to accelerate product innovation, AI-led talent matching, and enterprise hiring models, with the aim of growing Internshala’s revenue from Rs 45 crore to Rs 100 crore or more over the next 18–24 months.
The acquisition is intended to enable existing upGrad learners to access internships and job listings available on Internshala, while also onboarding new users to the platform. Internshala will shift towards a more enterprise-focused model by leveraging upGrad’s enterprise business and working closely with companies in the learning and development segment.
Internshala will continue to operate as an independent brand under its founder and chief executive, Sarvesh Agrawal. The company aims to leverage upGrad’s scale and technology infrastructure as it expands its offerings and user base.
Founded in 2011 by Agrawal, Internshala is an internship and training platform that helps college students build skills and gain real-world experience through internships and fresher jobs.
The Gurugram-based company claims to have more than 34 million registered users and around 450,000 employers on its platform, with roughly 3 million active applicants annually. Over 40% of its users come from tier-II and tier-III cities across India.
upGrad was also in talks to acquire test-prep major Unacademy, but the discussions were called off after both parties failed to reach a consensus on valuation.
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