upGrad aims to close March’22 at USD half a billion Revenue Run Rate

upGrad Inc. (@upGrad_edu) stakes claim to being the ‘most integrated higher edtech company in the world’; Looks to raise USD 400 million at a USD 4 billion valuation in the second half of the year.

upGrad, South Asia’s largest online higher education company, aims to close March’22 at half a billion dollar Revenue Run Rate.

Highlighting the future of online higher education, Ronnie Screwvala, Co-founder and Chairman, firmly believes higher edtech is the frontrunner in the overall education space: 

“There is just a lot of buzz, and fund ‘fan’ following in the primary and secondary education space worldwide, but the real growth and stable revenues will come from higher education when the pandemic settles – in the next couple of years, the higher edtech sector will overtake primary and secondary education in emerging and mature marketslike the UK too.”

upGrad has the largest repository of online case thesis and studies globally. The company also works with UK partners including Liverpool John Moores university, through which it has enrolled more than 4,000 students to date.

“upGrad is now best-placed as the most integrated higher edtech company as it spans all aspects of lifelong learning – from undergraduates and being the first port of call for colleges/universities to transform through tech & SaaS enablement, to offering degrees in the most sought after fields in the business and technology space. For those in the workforce already, upGrad offers short-term, high impact courses, initiatives like study abroad and deep learning certifications, diplomas and degrees courses,” Ronnie added.

In the last 9 months and the coming 6 months upGrad’s TAM (Total Addressable Market) will cross USD 100 billion, 65% of which (USD 65 billion) comprises global working professionals and 20% short-form courses around the globe.

Championing the team to deliver on its twofold moat of (a) being a fully integrated and true lifelong partner; and (b) delivering the best career outcomes to ensure students get ROI on money invested in upGrad. Ronnie explains how upGrad will close this financial year with half a billion US Dollar annual revenue runrate (ARR).

“By March’22 – the working professional segment will continue its annual growth rate of 100%. International markets will launch andcontribute another 50%. Our four strategic M&As will further accelerate growth in their own segments. Our recently launched study abroad and degree programs will establish clear leadership in their fields.”