“We are seeing strong demand from our customers and with the advent of Harappa, we believe we can grow exponentially in this segment if we leverage synergies,” said Ronnie Skrivala and Mayank Kumar, co-founders of upGrad.
Founded in 2015, UpGrad offers undergraduate, campus, work-related, and study-abroad continuing education courses for college students and working professionals aged 18-50.
While Harappa had Rs 75 crore in revenue in FY 22, upGrad reported a consolidated revenue of Rs 302.26 crore and a net loss of Rs 211 crore in FY 21.
“Consolidations bring together like-minded entrepreneurs to create powerful and inspired entities. Harappa and upGrad will cement our purpose and belief in creating a rewarding learning ecosystem for lifelong learners in India and abroad,” said Pramat Raj Sinha, co-founder of Harappa.
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Sinha co-founded Harappa in 2018 with Shreyasi Singh, former editor of India Inc.
Harappa offers self-paced and continuing education courses for students and claims to have an active clientele of 100 medium to large organizations.
UpGrad acquired Wolves India is a recruitment and recruitment platform in Bangalore. He previously bought Insofe, Work Better, Talentedge, KnowledgeHut, Campus, Rekrut and Global Study Partners.