upGrad's Study Abroad Set to Become the Largest Player in the Going-Abroad Space in South Asia; Sets Revenue Target of $130Mn for 2023 – Yahoo Finance

ATLANTA, March 28, 2022–(BUSINESS WIRE)–upGrad Abroad, the ‘Study Abroad’ vertical of Asia’s leading higher EdTech company upGrad, launched a high decibel campaign last week with the legendary Amitabh Bachchan, announcing the future for undergraduates and postgraduates studying abroad with the right blend of online learning for the first year, followed by the on-campus thereafter. Just in the last 8 months, upGrad Abroad has enrolled 1,500 learners and onboarded 18 partner universities.
The Study Abroad vertical has set a target to become the largest player in the segment by 2023 — to enroll over 25,000 learners and cross an annual revenue run rate of $130Mn by then. India as a market for students going abroad to study is in the top 2 countries in the world and that number has soared from 440,000 in 2016 to 770,000 in 2019 and will cross 1.8Mn students annually by 2024. The core geographies from which upGrad learners can choose include the USA, UK, Australia, Canada, and Germany.
Commenting on the same, Ankur Dhawan, President – upGrad Abroad said, "The only way to democratize transnational education is by offering learners the chance to study from any global university of their choice and yet make it much more affordable and accessible than it's ever been before. With upGrad’s ability to offer online to start with and then move to on-campus learning, we are uniquely placed to open up this market exponentially."
"The world has changed a lot in the last half-decade and most Indians want to be in their own country or come back to their own country to work and build their future. India is a prime example as it is a land of myriad opportunities as it’s slated to be the 3rd largest economy in the world. The market for traveling overseas to pursue higher education and specialization, along with global exposure before settling, is where we believe upGrad has created the right blend of an offering with the right partnerships, to change the lives of many learners with unbridled ambition," added Mayank Kumar, MD & 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 1,000 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 a presence in many more countries.
View source version on businesswire.com: https://www.businesswire.com/news/home/20220324006068/en/
Contacts
UpGrad | Neha Prasad |neha.prasad@upgrad.com
FIX MY WALLET MarketWatch Picks has highlighted these products and services because we think readers will find them useful; the MarketWatch News staff is not involved in creating this content. Links in this content may result in us earning a commission, but our recommendations are independent of any compensation that we may receive.
For 10-year fixed rate loans, the average student loan refinancing rate ticked up slightly from a week prior to 4.16%, but rates on 5-year variable-rate loans fell slightly to 3.52%, according to the latest rates from Credible for the week ending March 28th. Refinancing a student loan is a way for borrowers to save money by essentially taking out a new loan to pay off their existing loan with a lower interest rate or more appealing terms. Indeed, just because you may be able to get a lower interest rate doesn’t mean you should forge ahead with a refinance, especially if you plan to refinance a federal loan into a private loan.
DENVER, March 28, 2022 /3BL Media/ – Arrow Electronics is celebrating the groundbreaking of the Junior Achievement (JA) Free Enterprise Center, a new education facility that will allow the nonprofi…
Collaboration will help enable STEM career pathways for underrepresented students in communities across Europe
It isn't enough for a school to say that a teacher who led 4- and 5-year-olds in an anti-Biden chant "learned from her mistake."
Taylor Swift may not have her scarf back, but she's about to hold an honorary degree from New York University.
Students face an uncertain future as completing their medical degree remains a challenge.
The superintendent of Volusia County Schools said in an email to staff on Monday that he will not extend his contract.
She advances to the Miss Wisconsin competition in Oshkosh from June 15-18.
In memory of Jerry Woelmer, Monroe County high schools can earn a varsity jacket to gift to a student of their choice.
Each year, Lawrence 'Lance' Omeje travels to a small village in Uganda where he is working to build an elementary school. It holds a special place in his heart because the village is where he grew up.
The Oak Ridge Board of Education voted to purchase equipment and get grant funding to help students in Oak Ridge schools learn technical skills.
There’s an unseen tragedy lurking in older NC schools: poor air quality. Here’s what legislators must do to fix it. | Opinion
Gaylord Intermediate School students are being introduced to ceramics using a new kiln that was purchased with a grant from the Otsego Community Foundation and funding from the school's PTO.
Makenzie Thompson, a Georgia high school senior, has been accepted to attend 49 colleges and has received more than $1.3 million in scholarship offers. But she did not originally plan to apply to over 50 universities, according to CNN.
Ketanji Brown Jackson should be able to define 'woman.' Metal detectors won't make schools safer. Is 'Pro-Trump' new religion?
A high school student from South Fulton, Georgia has been accepted to nearly 50 colleges and awarded more than $1.3 […] The post Aspiring veterinarian receives $1.3M in scholarships and 49 college acceptance letters appeared first on TheGrio.
Three candidates, including one current board member, are running for two seats in the April 5 election
Baltimore County Executive Johnny Olszewski Jr. outlined the county’s spending plan for school construction projects next year, including $19 million to design new Towson and Dulaney high schools and $2.4 million for a new Scotts Branch Elementary School. The county has allocated $70 million for school capital improvements for its 2023 fiscal year starting July 1 as part of a larger 15-year plan …
The Education Secretary has urged teaching chiefs to submit their proposals to the Covid inquiry despite defending the controversial knighthood of his predecessor, who closed schools during lockdown.

source


0Shares

Add a Comment

Your email address will not be published.