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upgrad impartus deal: upGrad acquires Impartus, commits Rs 150 crore towards buyout

Synopsis
Impartus, now a 100% subsidiary of upGrad, has been integrated into the edtech startup’s system and rebranded as upGrad Campus’. It is now looking to clock revenue of Rs 85 crore in FY22.
ETtech
With Impartus’ acquisition, upGrad which mainly targets working professionals hopes to strengthen its presence in India’s higher education market.
Bengaluru:upGrad, an edtech startup promoted by entrepreneur Ronnie Screwvala, has acquired Impartus, a video-enabled learning solutions provider, and committed over Rs 150 crore towards acquisition and investment into the firm.
With this acquisition, upGrad which mainly targets working professionals hopes to strengthen its presence in India’s higher education market. ....

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upGrad acquires Impartus for Rs 150 crore

The move will help upGrad to bolster presence in the higher-education space.
24 May, 2021 - 04:28 PM IST | By indiantelevision.com Team
KOLKATA: Ed-tech platform upGrad has acquired the leading video-enabled learning solutions provider Impartus in a bid to bolster its presence in the higher-education space - a market touted to be worth Rs 560 crores. The ed-tech firm has committed over Rs 150 crore for the buyout and to invest in its growth.
With this acquisition, upGrad, which predominantly focuses on working professionals, will now expand its presence among Higher educational institutions & learners. Given the market opportunity, it will enable upGrad to add 50,000 paid learners in the very first year of the acquisition. ....

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Upgrad buys online higher education start-up Impartus for ₹150 cr

Upgrad buys online higher education start-up Impartus for ₹150 cr
PTI
Mumbai |
Updated on
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Impartus to be rebranded as upGrad Campus; to add ₹85 crore to Upgrad’s revenue run-rate in FY22
Online re-skilling firm UpGrad on Monday announced the acquisition of Impartus, a leading video-enabled learning solutions provider, for ₹150 crore.
The deal is expected to help strengthen the Ronnie Screwvala-founded company’s foothold in college education.
Post acquisition, Impartus will be rebranded as upGrad Campus, and will boost its revenue run-rate by an additional ₹85 crore, the company said in a statement.
With the acquisition, upGrad, which predominantly focuses on working professionals, will now be able to strengthen its presence among higher education institutions and learners, which is a ₹56,000-crore market, Screwvala, the co-founder and chairman of upGrad, said. ....

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upGrad acquires Impartus

The acquisition will give an exit to Impartus’ existing investor Kaizen, which had invested $4.1 million in the startup in 2015. ....

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UAE, Egypt upgraded bilateral ties to advanced levels

UAE, Egypt upgraded bilateral ties to advanced levels
April 27, 2021
Over the last decade, the United Arab Emirates and Egypt have upgraded their bilateral ties to advanced levels, which helped strengthen their presence as key political, economic and military players in the region. WAM photo
ABU DHABI Over the last decade, the United Arab Emirates and Egypt have upgraded their bilateral ties to advanced levels, which helped strengthen their presence as key political, economic and military players in the region.
In recent years, both countries have demonstrated that they share the same strategic principles, underscoring their understanding and convergence towards various issues, which ensured their rapid response to the challenges facing the region. ....

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