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UpGrad acquires KnowledgeHut for an undisclosed amount to expand abroad


UpGrad acquires KnowledgeHut for an undisclosed amount to expand abroad
UpGrad, an ed-tech platform, has announced the acquisition of Bengaluru-based KnowledgeHut, with the objective of expanding into international markets and entering the lucrative short-term skill development courses segment which has a market potential of over $58 billion. The move comes just weeks after UpGrad announced a $250 million investment in mergers and acquisitions throughout 2021 to support inorganic growth.
Courtesy: KnowledgeHut via Twitter
The financial details of the deal were not revealed by UpGrad. The Mumbai-based ed-tech platform will enjoy full rights to KnowledgeHut’s 2.5 lakh worldwide learner community as a result of this agreement. The company, which will now be rebranded as ....

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