Edtech unicorn upGrad clocks Rs 560 crore loss in FY24
Online skills and learning platform upGrad has recorded a loss of Rs 560 crore in FY24, a decrease from a Rs 1,142 crore loss in FY23.
Online skills and learning platform upGrad has recorded a loss of Rs 560 crore in FY24, a decrease from a Rs 1,142 crore loss in FY23.
Tarakkad led finance, inventory, and strategic initiatives at DealShare and assumed his role at upGrad effective March 1.
Only two startups in India, Shiprocket and OneCard, attained unicorn status (valuation $1 billion and above) in the July-September period. Globally, the third quarter (Q3) produced 20 unicorns and 45 per cent of them were from the software-as-a-service (SaaS) segment. No new decacorns were added in this quarter.
The upGrad course portfolio is committed to make them employable with the right skill sets.
Singh said that if self-regulation does not curb the unfair trade practices, then stringent guidelines would require to be formulated for ensuring transparency.
The company raised fresh funds from Temasek, IFC (International Finance Corporation, a sister organisation of World Bank) and IIFL
In the pandemic-hit 2020, more than 450 companies including ZS Associates, PayTM, Gartner, Flipkart (Walmart-acquired), Accenture and E&Y hired more than 1,200 learners from the upGrad talent pool.
