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UpGrad acquires KnowledgeHut for an undisclosed amount to expand abroad
UpGrad, an ed-tech platform, has announced the acquisition of Bengaluru-based KnowledgeHut, with the objective of expanding into international markets and entering the lucrative short-term skill development courses segment which has a market potential of over $58 billion. The move comes just weeks after UpGrad announced a $250 million investment in mergers and acquisitions throughout 2021 to support inorganic growth.
Courtesy: KnowledgeHut via Twitter
The financial details of the deal were not revealed by UpGrad. The Mumbai-based ed-tech platform will enjoy full rights to KnowledgeHut’s 2.5 lakh worldwide learner community as a result of this agreement. The company, which will now be rebranded as
upGrad Acquires KnowledgeHut To Venture Into Short-Term Skilling Space inc42.com - get the latest breaking news, showbiz & celebrity photos, sport news & rumours, viral videos and top stories from inc42.com Daily Mail and Mail on Sunday newspapers.
Read more about Online higher education firm upGrad goes bullish on small town India on Business Standard. upGrad said it is witnessing a great response from learners in the tier 2 and 3 cities and small towns in India