Centum Learning News Today

The Mumbai-based edtech unicorn upGrad, founded in 2015 by Ronnie Screwvala, Mayank Kumar, and Phalgun Kompalli, experienced a rollercoaster fiscal year 2022-23, marked by soaring operating revenue and a substantial increase in net loss.

Prior to this, he was with Storyboard18, part of the Network18 media group, as COO.

The company had in August raised $210m in a fresh funding round.

B2B skilling platfrom Cusmat has bagged $3.5 Mn in a Series A funding round led by venture capital firm Arkam Ventures

Edtech Layoff: People, who are directly in the know of the matter stated that the company may let go of hundreds of employees soon. 

Amid the deepening layoff winter, online higher education platform upGrad may ask a major chunk of its employees -- about one-third or even more -- to go in days to come, people familiar with the matter said on Thursday. The company, however, ...

According to the PwC India report "Startup Deals Tracker - Q3 CY22," start-up funding in India hit a two-year low of $2.7 billion across 205 deals in the third quarter of fiscal year’22. 

Ronnie Screwvala of Indian edtech firm upGrad said investors have to take equal accountability, if not more accountability, as founders.

The funding will be used to set up the Harappa Global School of Leadership

This is upGrad's sixth acquisition this year