UpGrad, an India-headquartered Ed-tech unicorn, has fully acquired the corporate training solutions provider Centum Learning, the former announced
The acquisition – done via a share swap deal – will see Centum’s parent Bharti Enterprises and its affiliates joining the Ed-tech firm. It brings Centum’s impact-based training solutions under the upGrad umbrella.
However, under the leadership of its current managing director and CEO, Sanjay Bahl, Centum will continue to operate independently. For its 2023 financial year, the firm is expected to pull in about US$21 million in revenue.
The Ed-tech firm upGrad, providing online education ranging from college learning to training for working professionals, was co-founded in 2015 by Ronnie Screwvala, Phalgun Kompalli, and Mayank Kumar. It has offices in India, Singapore, Vietnam, the UK, the US, and the Middle East. Recently, the Ed-tech firm concluded a US$210 million funding round.
Centum, which was founded in 2007, currently has over 3,000 learning and development specialists training more than 2 million people, including those from over 400 companies across India and Africa.
Also read: Digital literacy is the basic understanding of using technology in day-to-day life
Do Follow: CIO News LinkedIn Account | CIO News Facebook | CIO News Youtube | CIO News Twitter
CIO News, a proprietary of Mercadeo, produces award-winning content and resources for IT leaders across any industry through print articles and recorded video interviews on topics in the technology sector such as Digital Transformation, Artificial Intelligence (AI), Machine Learning (ML), Cloud, Robotics, Cyber-security, Data, Analytics, SOC, SASE, among other technology topics