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Online education platform upGrad acquires Centum Learning to upskill company staff

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Online higher education platform upGrad said Thursday it has acquired a provider of corporate training solutions Center Learning in a share exchange agreement. The company did not disclose the size of the deal.



With this transaction, Bharti Enterprises Limited and its affiliates will participate in upGrad’s cap table.

Located in New Delhi centum with 2,000 employees is likely to achieve a turnover of Rs 170 crore in FY23.

Centum’s continues to operate independently under Sanjay BahlicManaging Director and CEO, the company said in a statement.

“upGrad has always viewed corporate upskilling as a strategic growth engine and we are making some non-linear moves to reinvent B2B learning in India and create an integrated LifeLongLearning ecosystem for our stakeholders,” said Mayank Kumar, co-founder and MD, upGrad.

Centum enables 360-degree learning solutions from entry-level professionals to mid-sized leaders with immediate and measurable business impact.

With more than 3,000 L&D specialists, Centum Learning has trained more than two million people, helping 400+ companies across India and Africa.

“Both upGrad and Centum are committed to driving results for their students, so I’m excited about combining the two synergies to create a scalable portfolio for lasting results,” said Bahl.

Last month, upGrad raised $210 million (approximately Rs 1,670 crore) in a round that was joined by ETS Global, Bodhi Tree, Kaizen Management Advisors and others.

The edtech company said it is on track to achieve annual gross sales of $400-500 million in FY23, of which about 45 percent of total sales will come from its own online courses and programs.

Launched in 2015, the edtech platform has a student base of more than three million in more than 100 countries, more than 300 university partners and a customer base of 1,000 companies.

In July, upGrad acquired online learning institution Harappa Education for Rs 300 crore (about $38 million).

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