ATLANTA–(BUSINESS WIRE). Harappa will generate revenue of ~USD ~10 million (INR 75 crores) this year. upGrad completed this transaction with the current shareholders of Harappa – Bodhi Tree Systems (a newly formed platform between James Murdoch & Uday Shankar) and co-founders Pramath Raj Sinha & Shreyasi Singh. Everyone participates in the upGrad Cap table.
Co-founded by Pramath Raj Sinha, also Founding Dean of the Indian School of Business (ISB) and Founder Trustee of Ashoka University, and Shreyasi Singh, former editor of India Inc, the New Delhi-based online learning facility offers self-courses to do the address the spiraling problem of poor employability, poor leadership and an under-resourced workforce. Harappa has an active customer base of 100 medium sized organizations.
“Similar to the integrated approach we have been able to achieve in the B2C segment, we intend to offer our corporate partners a full suite of products. A combination of continuing education courses along with these critical skills that Harappa has to offer would set us apart. We are seeing strong demand from our customers and with the arrival of Harappa, we believe we will be able to grow exponentially within the segment if we leverage the synergies. Pramath and Shreyasi have a strong business legacy, which in turn fuels our ambition to become the world’s leading edtech leader,” he said Ronnie Screwvala & Mayank Kumar, co-founders of upGrad.
development comment, Pramath Raj Sinha and Shreyasi Singh, Founders of Harappa Education, said: “Consolidations bring like-minded entrepreneurs together to build powerful, inspired formations. We are excited to expand the immense potential of our unique social, cognitive and behavioral skills curriculum with Ronnie and Mayank who have created such an exciting global company. As a combined force, Harappa and upGrad will enshrine our purpose and belief in creating a truly healthy learning ecosystem for lifelong learners in India and abroad, with our proven pedagogy, flagship programs and rich partnerships to deliver unmatched outcomes for our learners and clients to guarantee .”
EY acted as advisor to Harappa on the transaction.
About upGrad
upGrad – Founded in 2015, is a pioneer in the online education revolution focused on driving professional success for a global workforce of over 1.3 billion. It is one of the few integrated lifelong learning technology companies in the world, serving college learners to professionals in the 18-50 age range and through undergrad courses, campus and job-linked programs, study abroad, short form through to executive programs includes degrees, masters and doctorates – with a learner base of over 3 million in 100+ countries and 300+ university partners as well as a robust corporate business with a customer base of 1000 companies worldwide.
upGrad’s Global Learning Engine rests on four pillars – (a) its large inventory of original and proprietary content and intellectual property, (b) its own best-in-class, proprietary technology platform, (c) its human-led, high-touch delivery service supported by Coaches & Mentors, and (d) a track record of 85% course completion backed by a further 80% guaranteed career results.
Already named Asia’s leading EdTech company, the company has offices in the UK, US, the Middle East, India, Singapore and Vietnam, and a presence in many other countries.
