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Context is everything.
Detailed stories on technology startups, business and economic current affairs.
Detailed stories on technology startups, business and economic current affairs.
As the company weighs a move into test prep ahead of a 2027 IPO, the question is whether entering a category from which upGrad has consciously stayed away so far makes sense.
Ronnie Screwvala doesn’t like being boxed in. “Firstly, I’m allergic to the word edtech,” he says, waving off a label he thinks doesn’t quite fit what upGrad is and could be. He prefers to describe upGrad as operating in the “forever-learning” space instead.
Which explains why the company, in the decade since its founding in 2015, has pushed into various segments—higher education, upskilling and certification, study abroad programmes. And now, upGrad is considering large acquisitions in test preparation. It is in talks with online test-prep platform Unacademy. The company has also submitted an expression of interest for assets belonging to …
Believing education is the key to success, Unacademy raised $880 million and reached a $3.4 billion valuation, only to crash 90%. Its co-founder and CEO gets candid about the state of the startup and Indian edtech.
Physics Wallah’s desperate pursuit of growth has led to another bold announcement. The latest move centres around one of India’s most competitive test-prep pockets.
The edtech company is at the heart of the foreign campus experiment. But questions around demand, faculty and outcomes suggest a tough road ahead.
