upGrad crosses 1 million learners with 100% growth since start of fiscal year

upGrad, India’s largest higher edtech, reported Q3 financial result where it clocked highest-ever revenue in a single quarter with 100% growth in the last 9 months of the from the start of the financial year.

The edtech leader gained 500K learners within three quarters, the same number of learners it had till March 2020, to register 1 million LifeLongLearners on its platform recently.

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“We set out in 2015 to pioneer and create a market with strong online, deep-learning options for the 50-100 million working professionals in India. Given our present scale and our future growth plans, we are proud of the impact we have made in changing lives and careers. Our one million, going to a two-million mark, are serious learners who are investing their personal capital to achieve their ambitions, and we are with them as their LifeLongLearning partner,” said Ronnie Screwvala and Mayank Kumar (Co-founders) in their first announcement of 2021.

The initiatives planned by the company to get to their growth target involves:

  • Non-linear growth in allied fields of test-prep, recruitment via M&As, with some more to be announced in the first quarter.
  • A great line-up of Indian and global universities, whose list will expand threefold in 2021.
  • International expansion in the APAC, Middle East, UK, & USA – all scheduled to go live in 2021.
  • upGrad Enterprises which will expand on a roster of the top companies and their learning & training needs.
  • Strong enabler to universities, as online degrees set to drop all barriers and give millions of young Indians a chance to pursue their goals online, as well as, from a university of their choice – something not possible till the sweeping changes brought about by the New Education Policy and the announcements supporting that by the University Grants Commission (UGC).

Over 450 well-renowned Companies like The Math Company, Paytm, Gartner, NPCI (National Payments Corporation of India), Flipkart, HDFC Life, Naukri, Accenture, E&Y, and Ola hired 1200+ learners from upGrad with learners receiving an average salary hike of 46%.