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upGrad's FY23 Loss Surges To INR 1,141.5 Cr On Goodwill Writedown Of INR 410 Cr - Vimarsana News

upGrad's FY23 Loss Surges To INR 1,141.5 Cr On Goodwill Writedown Of INR 410 Cr

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.