upGrad Plans To Invest Rs. 150 Cr. In The Online Higher Education Sector

Edtech startup, upGrad, plans to invest ₹150 crores into its online higher education business following its two new partnerships with Jamia Hamdard University (JMU) and OP Jindal Global University to offer new courses.

upGrad’s partnership with JMU also marks its entrance into the Bachelor’s degree segment. The edtech firm will currently offer BBA (Bachelor of Business Administration) and BCA (Bachelor of Computer Application) degrees to active secondary school graduates.

The edtech startup also propelled two new master’s programs in partnership with OP Jindal Global University. This includes a one-year LLM in corporate and money related law and a two-year MBA degree in computerized fund and banking.

Established in mid-2015, upGrad offers online programs for working professionals and has on-boarded more than 21,500 paid learners on its platform. The startup has been stepping up investments into its higher education business as more students choose computerized platforms to up-skill. Last month the startup reserved ₹50 crores to make fresh acquisitions in the segments of online degrees, post-graduation, and higher education space on the loose.

upGrad, at present, is to a great extent focussed on online up-skilling programs around innovation, information science, and the management. It also plans to include another line of online programs around the account, law, and medication, through new acquisitions.

In July last year, upGrad gained Bengaluru-based CohortPlus, a network-based platform which was focused at Product Management and Data Science, for an undisclosed sum.

Prior to that in 2018, the tech venture procured skilling platform Acadview Software Pvt. Ltd for an undisclosed sum, and acquire-recruited versatile based SaaS (Software-as-a-service) item Pyoopil Education Technologies Pvt Ltd. in 2016.

“The progressing worldwide crisis calls for development on a repetitive basis, especially in the midst of the online education space which seems to be the main path forward, attributable to its robustness and accessibility. Our degree portfolio will empower learners to proceed with their scholarly community, without pondering the general crisis that has negatively affected the disconnected education system,” said Ronnie Screwvala, official executive, and Co-Founder, upGrad.

The startup will also offer paid programs and free certification courses to existing undergrads. For disconnected colleges and universities, upGrad is also giving access to its upGrad LIVE platform that offers a web-based learning management system (LMS) so they can seamlessly move to online at zero cost. In excess of 50 institutes have just enlisted for the program.

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