Mayank Kumar

The company has set aside $10 million to make between five and ten acquisitions in India, Germany, and other destination markets over the next one or two years, Kumar said.

upGrad’s Mayank Kumar quits as edtech consortium chairperson, PhysicsWallah's Maheshwari to take over

Kumar, who was leading India Edtech Consortium since 2022 along with Byju’s co-founder Divya Gokulnath, has sent a mail to the members of the consortium about his decision to quit

Impact of valuation markdown will only be clear in next funding round: Eruditus’ Ashwin Damera

The edtech unicorn said that the valuation mark down came from a limited partner of one of its investors, and not the investing firm itself.

Higher employee costs of Mumbai is better than high attrition rate of Bengaluru: Startup founders

According to UpGrad MD Mayank Kumar, paying 5-10% higher costs in Mumbai than in cities like Gurugram is still justified by the quality talent and lower attrition rates found in the financial capital.

Ronnie Screwvala-led upGrad CEO Arjun Mohan steps down

upGrad will not be replacing Mohan and Mayank Kumar, co-founder and managing director of upGrad will be taking over Mohan's responsibilities, according to a person with direct knowledge of the matter.

Fit to Lead | upGrad's Mayank Kumar: My fitness routine has increased my concentration levels

Fitness goal for 2023: Participate in three to four half marathons and finish them in under 2 hours.

Investors favour upskilling platforms as other edtechs struggle with funding winter

Higher education and upskilling startups have raised $1.1 billion in private equity and venture capital funding so far this year, slightly less than the $1.25 billion raised in the first 11 months of 2021, according to data by Tracxn Technologies.

Consumer affairs secretary reviews redressal of complaints under edtech consortium

Consumer Affairs Secretary's move to take note of the redressal of complaints comes at a time when edtech companies in India have been under fire for alleged mis-selling and overselling to parents and learners.

upGrad's net loss widens to Rs 626 crore in FY22 on rising employee costs

upGrad reported a net loss of Rs 626.61 crore in FY22 on a consolidated basis against a net loss of Rs 211.1 crore in FY21 (2020-21). It, however, reported an over two-fold increase in FY22 revenue at Rs 682.21 crore on a consolidated basis

Edtech Consortium firms spend Rs 3,500 crore to boost learning ecosystem

This comes at a time when edtech startups are treading water as offline classes open up and growth stagnates for new-age technology companies providing online education. The sector, which grew manifolds with investors pouring in funding during the pandemic, is now witnessing a funding dry-out.

upGrad raises $210 million at $2.25 billion valuation in round led by ETS Global, Bodhi Tree

upGrad's multi-million dollar fundraise and aggressive hiring plans come at a time when edtech companies in India including some of the highest-valued unicorns like Unacademy, Byju's and Vedantu are firing hundreds of employees amid a decline in demand for their services

We are hiring as tailwinds blow behind us: upGrad cofounder Mayank Kumar 

Kumar’s remarks come at a time when edtechs in India have been roiled by layoffs and funding crunch. Kumar believes upGrad is largely insulated from the storm since professionals turn to upskilling in a bleak job market.

MC Interview: upGrad to turn profitable in 2022-23, likely to float IPO in 2 years: Co-founder Mayank Kumar

Edtech unicorn upGrad is expecting the Jan-March quarter to be profitable, double the revenue in FY22, and become a profitable company in 2022-23.

Upgrad enters Asia-Pacific, appoints ex-Disney chief Zubin Gandevia as CEO

Since April, the company has been doubling its revenue run rate and is on course to close the fiscal 2021 with Rs 1,200 crore, co-founder and managing director Mayank Kumar had told PTI recently.

Upgrad doubles student base to 1 million plus since April, eyes Rs 1,200 crore revenue in FY21

The company's revenue stood at Rs 230 crore in FY20. The company has set a revenue target of Rs 300 crore for January-March quarter, so that it can close the year with Rs 1,200 crore revenue, co-founder and managing director Mayank Kumar said.

Yatra partners with upGrad to enter edutech segment

As the company aims to diversify its portfolio beyond travel, this partnership shall enable its corporate clients to deliver advance learning and skill development for their employees, Yatra.com said in a statement.

UpGrad to offer entrepreneurship program under Start Up India

Online education provider UpGrad has launched an entrepreneurship programme under government's 'Start Up India' initiative to provide insights into areas like validation of ideas, funding and legal framework for new businesses.