The brand is reported to have expanded its footprints across 20+ countries with over 1000 university partners and 40,000 recruitment agents and would continue to add more destination markets to its portfolio.
The segment also experienced 100%+ growth during FY23 due to a strong intent towards overseas education that suffered a setback in the last two years; is expected to cross INR 500 crore of annual gross revenue in FY24 and will be profitable. The Study Abroad segment will account for about 20% of the group revenue for the year.
“upGrad will combine its prowess to reach out to learners in metros and non-metro cities through its agent network and extensive university network that has been added via both organic and inorganic arrangements to also become the largest player in the Study Abroad space. We are also working with international recruiting partners with a base in London to build a full-stack learning-to-employment model that connects our learners with jobs. The demand for Indian skilled professionals and talent across the global arena is on a rising trajectory and the right education and competencies could further propel India’s stature as the global soft power in the larger talent ecosystem,” concluded Kumar.
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