upGrad, an online higher education enterprise has inked an exclusive agreement to acquire Talentedge, touted to be one of India’s largest online higher education company. This agreement is probably one of the major consolidations in the Indian Higher education sector. Talentedge is set to achieve a revenue of over INR 130 Crore this year and double its revenue in the forthcoming fiscal. According to sources say the deal value is at 3-4X this year’s revenue.
Talentedge provides over 60 courses in partnership with 20+ universities. This company partners with leading Indian & International institutes including IIMs, XLRI, MICA, eCornell, UCLA extension among others, and has more than 5,00,000 individual and corporate learners.
UpGrad’s Talentedge acquisition will position the company as world’s leading EdTech Player
“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.
“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,” said Aditya Malik, CEO & MD, Talentedge.
Gaurav Kumar, President – Corporate Development and M&A, upGrad said, “upGrad’s M&A strategy is to identify companies who share the vision to build a world-class learning organization at scale and we find the Talentedge team as perfect partners. We are in the active stage of closing a few more large acquisitions in India as well internationally which will be announced in the next one to two quarters.”
Started in 2015, upGrad has a learner base of over two million across 50 countries and over 300 university partners, with an enterprise business with a client base of 1,000 companies worldwide.
The company has offices in the UK, the US, Middle East, India, Singapore and Vietnam, with presence in several other countries.
Talentedge recreates classroom-type interactions in the virtual world and has over 5,00,000 individuals and corporate learners