Edtech unicorn to acquire higher education platform Talentedge for over Rs 300-400 crore. The deal is likely to be the largest consolidation in India’s higher education.
Talentedge has partnered with top Indian and international institutes to offer courses. Over 60 courses in partnership with more than 20 universities have been offered by the Gurgaon-based edtech company. IIMs, XLRI, MICA, eCornell, and UCLA, among others, and has over 5,00,000 individual and corporate learners.
“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.
Aditya Malik, CEO & MD, Talentedge highlighted that the deal with upGrad will bestow them access to best-in-class products and solutions, and cutting edge technology.
“It is a win-win for learners and employers as a consolidated positioning enables us to serve them better. Talentedge will continue to work with its university & institute partners to deliver quality education to its learners across degree & certification programs,” Malik added.
Talentedge is expected to generate a revenue of over Rs 130 Crore this year and is likely to double its revenue in 2022.