Screwvala linking all the dots in LifeLongLearning
Higher education with the use of technologies is set to hit its massive inflection point once the pandemic settles down, according to Ronnie Screwvala, co-founder & chairman of the Mumbai-headquartered upGrad, which ranked No.1 in the LinkedIn Top Startups India 2020 list.
“Most of us are wondering what will ‘change’ post the pandemic, but at upGrad we are building on what will not change for the next many decades – the future of online and LifeLongLearning. And that allows us to build a global company, at scale,” he said, adding that upGrad grew by 100% in revenue in 2020.
“It’s been a tough Covid year. I know many have said 2020 was a break-out year for edtech, but on the contrary, I can clearly see Higher Education hitting its massive inflection point once the pandemic settles down,” he said in a release on 6 April 2021.
“For us to get to our US$2 billion revenue goal by 2026, we are well placed in all our building blocks. In 2021 & 2022, we will be linking all the dots in LifeLongLearning – from anyone entering college, to all the way to retirement, and everything in between,” he said.
“The consolidation of our international expansion and strategic acquisitions will further fuel non-linear revenue growth in 2021. upGrad’s differentiator of deep learning, record 85% course completion ratio, along with meeting career goals of learners, will keep us a market leader and a partner of choice for our learners and academia alliances around the world,” said Screwvala.
With an international online higher education leader offering 100+ courses in collaboration with top-notch global universities, upGrad crossed the milestone of US$14 million a month and achieved an Annual Revenue Run rate (ARR) of US$165 million as it came through the challenges of 2020.
He said upGrad tripled its course offerings, hit the ball out of the park on global MBAs, scaled university partnerships, put together a crack global team, crossed 1 Million learners across 50+ countries, delivered 10 million hours of Learning experiences, and closed three acquisitions. #edtech #technology #online #education #investment #market /fiinews.com
