upGrad Crosses US$ 210 million Annual Revenue Run Rate in September; On Track to Achieve US$ 500 million ARR in March'22

upGrad reported another milestone for the year - recording a mid-year growth in its gross revenue to reach over US$ 210 Million Annual Revenue run Rate (ARR) in September 2021, retaining the track for its forecasted ARR of US$ 500 Million in March 2022.

The edtech leader has marked an all-encompassing multidimensional growth plan, to sustain its aggressive momentum - full-stack LifeLongLearning for the 18-60 year working professionals; Skill Development via its recent acquisition of KnowledgeHut, Govt Test Prep via upGrad Jeet; its Study Abroad portfolio which recorded a 300% growth in the previous 2 quarters, upGrad for Business – it’s enterprise arm for corporates; and on-campus courses. The recent international expansion in APAC, EMEA and US has also pulled in.

“Along with our current growth plans, our M&A passion for non-linear growth remains to remain large on a strategic level. One should look ahead to hear closure on some global deals soon. While the last quarter has saw several business initiatives put to action, the next two quarters will obtain strong results as the overall upGrad brand kicks in,” said Mr. Mayank Kumar, MD & Co-Founder, upGrad.

upGrad, with a driven team of 3,350+ employees, appears to remain resolute in securing its position as Asia’s largest higher integrated EdTech company and expects to grow much faster than its peers in the education space.

Disclaimer: This information has been collected through secondary research and IBEF is not responsible for any errors in the same.