Ronnie Screwvala-led upGrad taps Bharat to help learners get govt jobs
Ronnie Screwvala-led edtech unicorn upGrad which has been mainly focusing on upskilling working professionals is now scaling up its operations to focus on learners in India’s hinterlands or Bharat.
As part of that strategy, upGrad is acquiring Exampur – one of India’s largest test-prep providers for government jobs. The deal is valued at about Rs 125 crore, according to the sources. Exampur looks to close revenue of Rs 70 crore this fiscal. The foray into test preparation puts upGrad into direct competition with players such as SoftBank-backed Unacademy and Adda247.
Co-founded in 2018 by Vivek Kumar and Vardan Gandhi, the Noida-based learning platform has a user base of over 10 million students. It offers over 200 test-prep courses for govt.