Edtech major upGrad has integrated all of Talentedge’s business, which will operate under its own name, as its owner Sekhsaria Family Office took a stake in upGrad at $2 billion value.
In December last year, upGrad had announced plans to acquire Gurugram-based edtech rival Talentedge reportedly for Rs 350-400 crore.
Talentedge was valued at Rs 205 crore and the near 100% share swap transaction was done at an upGrad value of $2 billion.
Seven year old upGrad has a learner base of over two million across more than 100 countries, along with over 300 university partners. It has offices in the UK, the US, the Middle East, India, Singapore and Vietnam, with presence in many more countries.
The company entered unicorn club with a $1.2 billion valuation in August last year. Meanwhile, it’s in talks to raise a new round at $2.5-3 billion valuation in a new round. Entrackr had exclusively reported the development on February 28.
