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upGrad Launches B2B Advisory for Corporate Upskilling
9 Sep
Summary
- upGrad is launching new B2B advisory services for corporate upskilling.
- The move expands its portfolio ahead of a planned 2027 public listing.
- upGrad's enterprise business is experiencing 40% annual growth.
Temasek-backed upGrad is expanding its business into corporate upskilling and learning and development advisory services. This strategic pivot towards business-to-business (B2B) offerings aims to broaden its portfolio in preparation for a planned public listing in 2027. The venture will employ a team of consultants and tech experts to assist businesses in keeping their employees updated with rapidly evolving skill requirements.
upGrad's existing B2B enterprise business is a significant growth engine, expanding at a 40% compounded annual growth rate. The company is targeting ₹1,000 crore in revenue from this segment within the next two years. This move follows its recent $245 million acquisition of Unacademy, further strengthening its market position ahead of its anticipated stock-market debut.
While upGrad has achieved operational profitability, it faces competition from established players like Eruditus, Simplilearn, and LinkedIn in the B2B space. Analysts suggest that upGrad must offer compelling value and pricing to attract corporate clients who often have long-term relationships with existing providers and educational institutions.
