KUALA LUMPUR, July 25 (Bernama) -- upGrad, Asia’s largest integrated higher edtech major, has announced a 100 per cent merger with Harappa Education at a value of US$38 million (RM168.3 million).
According to a statement, upGrad closed this transaction with the present Harappa shareholders - Bodhi Tree Systems, (a newly formed platform between James Murdoch & Uday Shankar) and co-founders Pramath Raj Sinha and Shreyasi Singh.
Co-founders of upGrad, Ronnie Screwvala & Mayank Kumar said: “We see strong demand from our clients and with Harappa coming in, we believe we’ll be able to grow exponentially within the segment as we cross-leverage the synergies.”
“Pramath and Shreyasi come with a strong business legacy, which in turn, further fuels our ambition of becoming the global edtech leader.”
Meanwhile, Pramath Raj Sinha and Shreyasi Singh: “As a combined force, Harappa and upGrad will anchor our purpose and conviction to create a truly wholesome learning ecosystem for lifelong learners in India and abroad, with our time-tested pedagogy, flagship programmes and rich partnerships to guarantee unmatched outcomes for our learners and clients.”
Harappa Education, the New Delhi-based online learning institution offers self-paced courses to address the spiralling problem of poor employability, inadequate leadership and an ill-equipped workforce. Harappa has an active clientele of 100 mid-large sized organisations.
Started in 2015 as a pioneer in the online education revolution, upGrad has offices in the UK, United States, Middle East, India, Singapore and Vietnam, and with a presence in many more countries.
-- BERNAMA
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