HARAPPA, BACKED BY UPGRAD, LAYS OFF 60 EMPLOYEES
For some, 2023 began with bad news, as a new Delhi-based company backed by Harappa resigned a large number of employees last year, a trend that has continued this year. Up grad purchased Harappa Education. Up Grad, founded in 2015 by Ronnie Screw Vala, Phalgun Kompali, and Mayank Kumar, is now one of the country's leading Edtech companies. Harappa, a company acquired by Ronnie Screw Vala in July 2022 for Rs 300 crore, saw its operating revenues jump from Rs 35 lakh in FY20 to Rs 4.41 crore in FY21 According to an Entrackr report. This sharp increase was due
Source: techstory.in