upGrad, an edtech firm, announced that it had merged its three Indian subsidiaries to become a global integrated ‘LifeLong Learning’ firm. The merging of the company’s three companies, upGrad Campus (formerly Impartus), upGrad Jeet (formerly The GATE Academy), and upGrad KnowledgeHut, has been announced (originally KnowledgeHut).
According to a release, the merger would form a single parent business in India that will drive upGrad’s ambition for an integrated strategy to expand and drive international learning until 2022.
The merged entity would offer the whole range of higher education technology to college students and working professionals.
“The merger of all the India entities is to strengthen the corporate structure and consolidate our position as a truly integrated Edtech player and provide a strong foundation for our global strategy.
“Brand upGrad is built based on the impact we create for our learners lives and the outcomes & ROI we deliver to them. We want the upGrad brand to permeate the full range of our offerings and so the one merged entity makes sense. Our offices in APAC, EMEA & US will continue to operate as independent subsidiaries,” upGrad chairperson and co-founder Ronnie Screwvala said.
By CY 2024, upGrad hopes to have 7.5 million registered users due to partnerships with over 1298 colleges, 3,110 corporations, and an expansion of its faculty, mentors, and experts network to 11,078. UpGrad currently boasts over 300 institution collaborations and more than 2 million registered users in 50 countries.
