MUMBAI, India & ATLANTA--(BUSINESS WIRE)--#AnnualRevenueRunRate--South Asia�s largest & Asia�s leading higher EdTech major - upGrad, today reported turning a profit spurred by a 150% growth Y-o-Y in revenues and a stable 70% gross margin, across all its income streams.

upGrad is now well-positioned as the most integrated Higher EdTech company in the world - spanning all aspects of LifeLongLearning from undergrad courses, test prep, on-campus learning, study abroad, short courses, executive programs, degrees, and diplomas with its partner universities and all the way to online Doctorates.

�Our obsession for outcomes for all our learners, coupled with our global best-in-class 85% completion track record that leads to a high referral, word of mouth, and repeat-learner base from over 50+ countries, in part has contributed to our growth. Our focus on profitability only powers us to impact at a much larger scale and make online learning accessible and affordable and with the right cost model anywhere in the world,� said Mayank Kumar, Co-Founder & MD, upGrad.

upGrad today has the largest repository of online case theses and studies from around the globe, and a mentor-coach qualified team of over 300 which makes the online learning experience focused on outcomes. The base-case increments for working professionals taking courses through upGrad are at 30% and peak at over 250%. A recent audit done by one of the Big Four firms shows the highest level of ROI for upGrad�s online learners.

�The Q4 performance bodes well to stay on track, as we hold the hand and cater to the global workforce�s career needs. We are on track to reach our goal of USD 2Bn gross revenue by 2026,� concludes Ronnie Screwvala, Chairperson & Co-Founder, upGrad.

About upGrad

upGrad - started in 2015 - is a pioneer in the online education revolution, focused on powering career success for a global workforce of over 1.3 billion. It is one of the few Integrated LifeLongLearning Tech Companies in the world - spanning the college learner to the working professional from the age group of 18-50 years and across Undergrad courses, Campus & Job Linked Programs, Studying Abroad, short form to executive programs to Degrees, Masters and Doctoral - with a learner base of over 2 million across 100+ countries and over 300 University partners and a robust enterprise business with a client base of 1000 companies worldwide.

upGrad�s Global Learning Engine rests on four pillars - (a) its large repository of original & owned content and IP, (b) its own best-in-class proprietary tech platform, (c) its high touch human led delivery service backed by coaches & mentors, and (d) an 85% course completion track record, backed by a further 80% career outcomes guaranteed performance.

Already termed Asia�s higher EdTech leader, it has offices in the UK, U.S., Middle East, India, Singapore & Vietnam, and with presence in many more countries.

Contacts

Media Contact:

upGrad

Neha Prasad

[email protected]