Article: Edtech startup UpGrad acquires job skilling startup Acadview

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Edtech startup UpGrad acquires job skilling startup Acadview

Promoted by entrepreneur Ronnie Screwvala, UpGrad aims to extend its online learning platform to the undergraduate level through this acquisition.
Edtech startup UpGrad acquires job skilling startup Acadview

Edtech startup UpGrad has acquired job skilling platform Acadview Software Pvt. Ltd for an undisclosed sum. Promoted by entrepreneur Ronnie Screwvala, the edtech startup aims to extend its online learning platform to the undergraduate level through the acquisition.

Ronnie and Mayank Kumar, co-founders at UpGrad, said in a joint statement, “UpGrad’s highly engaging online learning solution along with Acadview’s solid presence within the college space in India will allow us to deploy learning solution for college students at a massive scale.”

Founded in early 2015, Acadview aims to upskill graduates with in-demand technologies through live online courses and industry projects, enabling better employment opportunities. It claims to have trained more than 3,000 students in 2017. The Gurugram-based skilling startup had raised an undisclosed amount of funding from angel investors in India and the Silicon Valley. It has also partnered with over 80 universities and colleges in north India.

Himanshu Batra, founder and chief executive at Acadview stated, “Equipping students with engaging content, personalized coaching, hands-on experience with real-world projects and guidance from subject matter experts in the industry can bring a step change in the quality of workforce available to employers. We believe in UpGrad’s vision, and feel that we have found a perfect cultural fit for our mission.”

Founded by Screwvala, Kumar, Phalgun Kompalli and Ravijot Chugh, UpGrad offers online courses in entrepreneurship, digital marketing, and data analytics, among others, for working professionals. It competes with other edtech startups such as Coursera, Udacity, EduReka, and Simplilearn.

Topics: Mergers & Acquisitions, Skilling

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