upGrad, India’s largest higher edtech, crossed 1 million total registered LifeLongLearners on its platform recently. The milestone announcement came along with the reporting of the Q3 financial result, where upGrad clocked its highest-ever revenue in a single quarter. It has grown 100 per cent in the last 9 months from the start of the financial year.
Till March 2020, the higher edtech leader had 500K learners on its platform and within three quarters it doubled the number to reach 1 million. With this momentum and its growth plans, upGrad forecasts impacting the careers of the next one million youth & working professionals within the next 18 months.
“We set out in 2015 to pioneer and create a market with strong online, deep-learning options for the 50-100 million working professionals in India. Given our present scale and our future growth plans, we are proud of the impact we have made in changing lives and careers. Our one million, going to a two-million mark, are serious learners who are investing their personal capital to achieve their ambitions, and we are with them as their LifeLongLearning partner,” said Ronnie Screwvala and Mayank Kumar, Co-founders in their first announcement of 2021.
Over 450 companies including The Math Company, Paytm, Gartner, National Payments Corporation of India (NPCI), Flipkart, HDFC Life, Naukri, Accenture, E&Y, and Ola hired 1200+ learners from the upGrad talent pool in 2020, with learners receiving an average salary hike of 46 per cent, beating the industry benchmark of 20-30 per cent. The edtech major’s future plans for driving stronger career outcomes for its learners will be well-complemented by Rekrut India, a recruitment firm that it acquired in the last quarter and will be integrated with the brand this year.