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UpGrad sets up not-for-profit foundation, commits Rs 50 crore corpus fund : Rashtra News #upGrad #sets #notforprofit #foundation #commits #crore #corpus #fund New Delhi: Upskilling and higher learning edtech upGrad on Monday announced the launch of its philanthropic and not-for-profit division called upGrad Foundation. With a corpus of Rs 50 crore, the foundation intends to ....
By tripling down on its course offerings, scaling university partnerships, and putting together a crack team in India and across the globe, Ronnie Screwvala-founded higher education start-up upGrad has achieved an annual revenue rate (ARR) of Rs 1,200 crore for the financial year 2020-21 (FY21). The start-up, which saw a 100 per cent revenue growth last year, is now targeting 150 per cent revenue growth in 2021 with profitability in sight. The company clocked revenue of Rs 100 crore in the month of March 2021. “We will break even in the coming quarter, with growth coming from the core business, which includes upskilling working professionals, giving a push to undergraduate degrees, as well as collaborations with Indian and foreign universities,” said Screwvala. ....