UpGrad to acquire Talentedge, a platform for higher education

UpGrad to acquire Talentedge, a platform for higher education

The consolidation in the online education space in India is continuing with the edtech unicorn upGrad all set to acquire Talentedge, a platform for higher education. The deal is estimated to be worth over Rs crore.

Once completed, this deal could be one of the largest consolidations in the Indian higher education space. Talentedge is expected to have revenue of over 130 Crore this year and double its revenue in the coming year. The acquisition comes after the edtech decacorn Byju has acquired at least a dozen niche companies and its closest rival, Unacademy, also bet big on acquisitions, backed by strong demand in the sector.

Talentedge has more than 60 courses in partnership with more than 20 universities, according to Gurgaon-based Talentedge. It has partnered with top Indian institutes, including IIMs, XLRI, MICA, eCornell, and UCLA, among others. It has more than 5,00, 000 individual and corporate learners.

UpGrad has now become the most integrated player in higher education in Asia, serving learners and working professionals across the age group of 18 -- 50 years. Over the last decade, Talentedge has meticulously built a strong business and stayed the course in this space where most did not survive and we are very pleased to welcome them at upGrad as we build one of the largest edtech companies in the world, said Ronnie Screwvala, Chairperson and Co-Founder, upGrad.

Aditya Malik, CEO MD, Talentedge pointed out that the deal with upGrad would give them access to best-in-class products and solutions, and cutting edge technology.

It's a win-win for learners and employers because of consolidated positioning that allows us to serve them better. Talentedge will continue to work with its university institute partners to deliver quality education to its learners across degree certification programs, Malik said.