Edtech startup upGrad on Tuesday said that it has acquired 100 per stake in the recruitment and staffing solutions company Rekrut India.
upGrad said the acquisition will provide access to extensive network of more than 100+ recruiting experts and adaptive products which simplifies hiring for corporates, startups, MSMEs (Micro, Small and Medium Enterprises) and large organisations. 
“Driving ROI of education through career outcomes has been a core differentiator for the edtech major upGrad. Acquisition of Rekrut will turbocharge its career engine by opening up wider placement opportunities and propelling accessibility of upGrad learners to Rekrut’s hiring partners,” the company in a press release said.
The edtech leader also plans to invest over Rs 100 crores into this test preparation subsidiary and will be developing over 20,000 hours of content in multiple languages to provide access to at least one million test-takers annually.
Last month, upGrad marked its entry into test preparation market by acquiring The Gate Academy (TGA) for an undisclosed amount. After the acquisition, TGA is operating as a subsidiary of upGrad and will continue under its brand name to build this business line, with support from upGrad.