Mumbai, Maharashtra, India, and Atlanta, Georgia, USA — Source: Business Wire India UpGrad, South Asia’s largest and Asia’s leading higher EdTech company, today announced a profit, fueled by a 150 percent year-over-year increase in revenues and a stable 70 percent gross margin across all revenue streams. UpGrad is now the world’s largest integrated Higher Edtech company, spanning all elements of lifelong learning from undergrad courses to test prep, on-campus learning, study abroad, short courses, executive programs, degrees, and certificates with its partner universities, and even online Doctorates.
“Part of our development has been fueled by our focus with results for all of our learners, combined with our global best-in-class 85 percent completion rate, which has resulted in a large referral, word-of-mouth, and repeat-learner base from over 50 nations.” Mayank Kumar, Co-Founder & MD of the upgrade, said, “Our focus on profitability only empowers us to impact at a much greater scale and make online learning accessible, reasonable, and with the proper cost model wherever in the world.”
UpGrad now boasts the world’s largest archive of online case theses and studies, as well as a mentor-coach credentialed team of over 300 people who ensure that the online learning experience is outcome-oriented. For working professionals taking courses through upGrad, the base-case increments are 30 percent and reach beyond 250 percent. According to a recent audit conducted by one of the Big Four accounting companies, upGrad’s online learners have the greatest degree of ROI. “As we grasp the hand and cater to the worldwide workforce’s career needs, the Q4 result bodes well for staying on track.” Ronnie Screwvala, Chairperson & Co-Founder of upGrad, says, “We are on target to meet our goal of USD 2 billion in gross revenue by 2026.”
Concerning upGrad upGrad, a pioneer in the online education revolution was founded in 2015 with the goal of empowering a global workforce of over 1.3 billion to achieve career success. With a learner base of over 2 million across 100+ countries and over 300 university partners, it is one of the few Integrated LifeLongLearning Tech Companies in the world, spanning the college learner to the working professional from the age group of 18-50 years and across Undergrad courses, Campus & Job Linked Programs, Studying Abroad, short form to executive programs to Degrees, Masters, and Doctoral – with a robust enterprise business with a client base of 1000 companies.
The Global Learning Engine of upGrad is built on four pillars: (a) a large repository of original and owned content and IP, (b) its own best-in-class proprietary tech platform, (c) its high touch human-led delivery service backed by coaches and mentors, and (d) an 85 percent course completion track record, backed by an additional 80 percent career outcomes guaranteed performance.