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upGrad acquires Impartus, commits Rs 150 cr for buyout, boost growth By IANS | 0 Views
upGrad acquires Impartus with Rs 150 cr for buyout, boost its growth.. Image Source: IANS News New Delhi, May 24 : Online higher education company upGrad on Monday announced it has acquired video-enabled learning solutions provider Impartus, committing over Rs 150 crore towards the buyout as well as to boost its growth. Impartus, now a 100 per cent subsidiary of upGrad, has been rebranded as upGrad Campus . upGrad Campus will target higher education institutions and college students, with its learning tools and world-class content, in an integrated solution, the company said in a statement, aiming to close the financial year 2022 with nearly Rs 85 crore revenue. ....
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. ....
With this acquisition, upGrad, which predominantly focuses on working professionals, will now be able to strengthen its presence among HigherEd institutions and learners, which is a Rs 560 billion market. ....
New Delhi: upGrad, South Asia’s largest online higher education company has acquired Impartus, a leading video-enabled learning solutions provider, and has committed over INR 150 Cr for the buyout and to invest in its growth.Founded by three IIT-grad ....