In what could be one of the major consolidations in the Indian higher education sector, Upgrade – one of Asia’s largest upskilling platform will soon acquire one of India’s largest online education platform – Talentage.
This deal can be between Rs 300 to 400 crores. Talentage plans to achieve a revenue of over Rs 130 crore this year and double its revenue in the coming year. Sources say the deal value is 3-4 times this year’s revenue.
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Gurgaon-based Talentage offers over 60 courses in partnership with 20+ universities. Talent partners with top Indian and International institutions including IIMs, XLRI, MICA, eCornell, UCLA Extension, and has over 5,00,000 individual and corporate learners.
“Upgrade has cemented its leadership position as the most integrated player in higher education in Asia, serving learners and working professionals in the age group of 18-50 years. Talentage has built a strong business growth over the past decade. have built and remain in a place where most did not survive and we are very pleased to welcome them to the upgrade as we build one of the largest edtech companies in the world,” said Ronnie Screwvala. , President and Co-Founder, Upgrade.
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“Coming with the upgrade, we can get access to best-in-class products and solutions, technology and their data-driven educational approach. This is a win-win for learners and employers as a consolidated position will enable us to serve them better. Talentage will continue to work with its university and institute partners to deliver quality education to our learners in degree and certification programs,” said Aditya Malik, CEO and MD, Talentage.
Gaurav Kumar, President – Corporate Development & M&A, Upgrade said, “Upgrade’s M&A strategy is to identify companies that at large share the vision to build a world-class learning organization and we are committed to building the Talentage team. find the right partners. We are in the active phase of closing a few more major acquisitions India Also internationally, which will be announced in the next one to two quarters.”
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