In a recent round of funding valued at $2.25 billion, Upgrade raised $210 million from notable investors

Upgrade, an ed-tech company, has exchanged shares for Centum Learning, a leader in corporate training solutions. Bharti Enterprises Limited and its affiliates are joining Upgrad’s cap table with this transaction.

In FY23, Centum is anticipated to generate Rs 170 crores in revenue.

In a recent round of funding valued at $2.25 billion, Upgrade raised $210 million from notable investors.

The chairman of Upgrade, Ronnie Screwvala, had previously disclosed to ET that a substantial chunk of these monies would be used for acquisitions since the business was close to finalizing deals with four more education organizations.

With its headquarters in New Delhi, Centum was established in 2007 and now provides impact-based training to businesses and educational and vocational training to students in high schools and colleges so they can become self-employed or find meaningful employment.

Sanjay Bahl, the Managing Director, and CEO will provide direction while Centum’s business continues to run autonomously with a workforce of more than 2,000 people.

“Enterprise personnel upskilling is a pressing need, yet the market remains tremendously fragmented,” Mayank Kumar, Co-Founder & MD, and Gaurav Kumar, President, Corporate Development of Upgrad, said in a statement regarding the development. In order to revolutionize B2B learning in India and build an integrated lifelong learning ecosystem for our stakeholders, Upgrad has always viewed enterprise upskilling as a strategic growth driver.

“We have worked hard for years to establish a bespoke training and content portfolio that makes new-age learning more immersive and goal-oriented for both corporates and individuals,” continued Sanjay Bahl, Managing Director & CEO, Centum Learning. In order to build a scalable portfolio for ongoing results, I am thrilled to combine the two synergies, Sanjay Bahl, Managing Director & CEO of Centum Learning, stated.

The management anticipates that Upgrad will complete FY 23 with close to $ 500 million in revenue, with FY 22 ending at a revenue run rate of roughly $250 million.

Education-related businesses like Harrappa Education, Exampur, Talentedge, Study Partners, Work Better, Knowledgehut, Impartus Innovation, and Rekrut India have been bought by the corporation.