Ronnie Screwala's upGrad acquiring edtech platform Talentedge

Mumbai-based edtech platform upGrad today announced it has entered into an exclusive agreement to acquire Gurugram-based digital learning platform Talentedge for roughly around Rs 300-400 crore.

upGrad, which recently joined the unicorn startup club, will be acquiring Arrina Education Services, the holding company of Talentedge Education Ventures. The deal is considered to be one of the larger consolidations in the Indian higher education space.

Founded in 2012, Talentedge is an online learning platform that offers more than 60 courses in partnership with over 20 universities. The firm is slated to do revenue of over Rs 130 crore this year and double its revenue in the coming year.

"upGrad has cemented its leadership position as the most integrated player in higher education in Asia, serving learners and working professionals across the age group of 18-50 years. Talentedge has meticulously built a strong business over the last decade and stayed the course in this space where most did not survive and we are very pleased to welcome them at upGrad as we build one of the largest EdTech companies in the world," said Ronnie Screwvala, Chairperson and Co-Founder, upGrad.

Prior to this, upGrad had entered into an exclusive acquisition agreement with Global Study Partners (GSP), Australia's largest study abroad company.

Speaking on the development, Aditya Malik, CEO & MD, Talentedge, said:

"Coming together with upGrad enables us to access their best-in-class products and solutions, technology, and their data-driven pedagogical approach. It's a win-win for learners and employers as a consolidated positioning enables us to serve them better. Talentedge will continue to work as-is with its University & Institute partners to deliver the quality education to its learners across Degree & Certification programs."

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