Harappa Education, a New Delhi-based edtech startup that Ronnie Screwvala’s upGrad acquired last July for a value of Rs 300 crore ($38 million), is reported to have laid off nearly 60 people, or 30% of its 200-person workforce.
The content division has been hit hardest by the layoffs, which were first reported during the last week of December. Business Today reported that the affected employees have been told to serve one month’s notice and have not received any further severance benefits.
According to the report, this is only the first phase of layoffs, and there could be more.
In 2018, Pramath Raj Sinha and Shreyasi Singh co-founded Harappa, which now boasts 200 enterprise clients and more than 600,000 learners. The programs it offers emphasize intellectual, social, and behavioral skills.
To improve its soft-skill and leadership capabilities for working professionals, upGrad committed an additional Rs 320 crore (nearly $40 million) to the platform in September 2022 to establish the Harappa Global School of Leadership.