UpGrad Acquires Centum Learning

by: Sayantan Barua

UpGrad Acquires Centum Learning

UpGrad Acquires Centum Learning

by: Sayantan Barua

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TW Newsdesk, September 16: Edtech firm upGrad has taken over a 100% stake in Bharti Enterprises group training solutions firm Centum Learning in a share swap deal. With this transaction, Bharti Enterprises Ltd. and its affiliates are joining upGrad’s cap table, upGrad stated in a statement.

Without disclosing financial details of the acquisition, upGrad stated that Centum is expected to clock a revenue of Rs 170 crore in the fiscal year 2023. “Enterprise workforce upskilling is a supercritical need; however, the sector remains highly fragmented. upGrad has always witnessed enterprise upskilling as a strategic growth driver,” upGradstated.

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