upGrad, a prominent player in the skilling and workforce development sector, has acquired Internshala, an early-talent marketplace, in a deal primarily structured as a stock swap. This acquisition, valued at approximately Rs 100 crore, marks a significant step for upGrad in expanding its offerings and reach.
With a focus on enhancing product innovation, AI-powered talent matching, and enterprise hiring models, upGrad aims to double Internshala’s revenue from Rs 45 crore to Rs 100 crore or more within the next 18–24 months. By integrating Internshala’s internship and job listings with its existing platform, upGrad seeks to provide enhanced opportunities for learners while attracting new users.
Internshala, founded in 2011, has built a strong presence in the internship and training domain, catering to over 34 million registered users and connecting with around 450,000 employers. With a user base primarily from tier-II and tier-III cities in India, Internshala’s acquisition aligns with upGrad’s strategic vision for growth.
Operating independently under its founder, Sarvesh Agrawal, Internshala plans to leverage upGrad’s scale and technology infrastructure to further expand its offerings and user base. This move strengthens upGrad’s position in the market and paves the way for collaborative opportunities in the learning and development segment.
Source: Entrackr : Latest Posts