In an era where career relevance changes faster than ever, upGrad, founded in 2015 by Ronnie Screwvala, has emerged as one of India’s leading EdTech success stories, bridging the global skill gap through online higher education and professional learning.
What began as a modest online education startup now connects over 2 million learners with 300+ universities and industry partners across the globe. In FY2025, upGrad reported $150 million in revenue, maintaining its position as one of the few Indian EdTech players with sustained profitability and global traction.
From Startup to Unicorn
When Screwvala, already known for building UTV into a media powerhouse, turned to education, skeptics doubted if Indian learners would pay for online degrees. But his conviction was clear — the future of learning lies in flexibility, credibility, and lifelong relevance.
By 2021, upGrad had achieved unicorn status, valued at over $1 billion, and by 2025, its valuation climbed to $2.25 billion. The company’s hybrid model—offering online degree programs, short-term certifications, and executive courses—made it a trusted platform for working professionals seeking upskilling without leaving their jobs.
Its partnerships with top institutions like IIT Madras, Deakin University, and Liverpool Business School established academic credibility, while industry tie-ups with Google, Meta, and Microsoft ensured real-world alignment.
Global Expansion and Strategic Acquisitions
Over the years, upGrad expanded beyond India into Southeast Asia, the Middle East, and the U.S., focusing on localizing content while maintaining global academic standards.
A series of strategic acquisitions fueled its diversification — including Harappa Education (for leadership training), Work Better Training (corporate learning), and KnowledgeHut (tech upskilling). These moves helped upGrad evolve from an online degree provider into a comprehensive learning ecosystem spanning higher education, test prep, and corporate training.
By October 2025, corporate partnerships accounted for 35% of its total revenue, reflecting a growing trend where companies invest in workforce reskilling through digital platforms.
Navigating the EdTech Slowdown
While several EdTech firms struggled post-pandemic due to high customer acquisition costs and slowing demand, upGrad focused on profitability and retention rather than hypergrowth.
Its cohort-based learning model, combined with mentor-led sessions and job placement support, resulted in industry-leading completion rates (85%). The company’s “pay-after-placement” options and career mobility programs also attracted mid-career professionals, a segment often ignored by traditional education models.
“Education isn’t a one-time phase — it’s a lifelong journey,” said Ronnie Screwvala at a 2025 industry conference. “Our mission is to make learning relevant, affordable, and continuous.”
The Future of Lifelong Learning
By 2030, the global upskilling market is projected to cross $500 billion, and upGrad is strategically positioned to capture a major share. Its focus on AI, data science, cybersecurity, and leadership programs continues to attract global learners seeking future-proof careers.
upGrad’s expansion into AI-powered learning personalization — using adaptive content and skill analytics — is its next big leap. The platform aims to help users build dynamic learning paths aligned with industry demand and personal career goals.
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