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Operating at a revenue run rate of Rs 2,400 crore, upGrad is targeting a steady 35 percent CAGR over the next decade, with a balanced expansion across domestic and global markets, Co-founder and Chairperson Ronnie Screwvala told Moneycontrol.
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While stepping back from day-to-day duties at Upgrad, Kumar will remain involved in the company’s strategic direction as a co-founder and director. Founder and chairman Ronnie Screwvala will take on a more active role
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Swades Foundation, a non-profit run by the Screwvala family, has filed the draft papers to raise Rs 10 crore via the social stock exchange of NSE. The seasoned entrepreneur wants to attract high profile industrialists and celebs to the project
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Tarakkad will be based in Mumbai and assumes his role from March 1, the company has said
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Individual companies need to take a long hard look at their operations, put in place strong oversight mechanisms, and think long term rather than be mindlessly obsessed with valuations to emerge as stronger sustainable enterprises
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Ronnie Screwvala said that the meeting may or may not conclude with the formation of an agenda for next steps, but it would be beneficial to discuss a few things as a collective group.
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This is the second such top-level switch in 2024 at the higher education and upskilling unicorn upGrad. The company has now appointed Ankur Nyati, former COO of WhiteHat Jr and Utkarsh Classes, to take over the position effective immediately.
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Sharma recently resigned from Byju’s and has joined KnowledgeHut. He will assume the role of CEO at the company, effective January 2.
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Founder Vardaan Gandhi told Moneycontrol that the company plans to pay off salaries and full and final settlements in the next four months, with the first tranche being remitted by January 31.
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Delivering outcomes & placements remain at the core focus while servicing consumers and enterprise clients, having helped over 55,000 transitions into better job opportunities in just the last FY.
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With this, the third season of Shark Tank India is set to have 12 judges on its panel -- almost twice the number of its previous seasons.
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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
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The company said that it was a routine check and it is fully compliant and cooperating with the authorities
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The company also earmarked $10 million to launch the university.
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Ronnie Screwvala raised concerns about the potential impact on India's reputation as an attractive investment hub amid Byju's latest legal matter.
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Indian edtech platform upGrad is being called out for using Google CEO Sundar Pichai’s name and likeness in its latest ad campaign
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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.
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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.
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Recruitments to be done across various sub-departments including sales, marketing, tech, and product. Study Abroad is planning to recruit both freshers and seasoned professionals for all four high-growth categories.
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According to experts, companies do not appear to be making any changes to their work arrangements currently but many said they are open to reconsidering remote work if the situation worsens.
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The company said that existing shareholder Temasek contributed Rs 81 crore, while upGrad co-founder and chairperson Ronnie Screwvala contributed Rs 212 crore, with other minority stakeholders completing the balance.
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The film-maker turned entrepreneur on the future of Edtech, his investment philosophy and how cinema has changed
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The company for 29 years has leased 2 lakh square feet of a commercial building in Mumbai to Upgrad, which plans to set up a student housing facility. The project is expected to generate close to Rs 2,000 crore in revenue during the lease tenure
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Rosensweig has led Chegg in its journey as a leading, student-first connected learning platform and his powerful expertise and global outlook will bring immense value to upGrad's table.
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ChatGPT offers the chance to learn much faster and more efficiently than ever before, but it can also lower one’s ability to write independently, and may impact startup job prospects.
