Domestic expansion has been a priority for upGrad, says Mayank Kumar
Asia’s largest higher Edtech player upGrad continues its high growth trajectory in the Indian market, having signed new leases in the last few months for 335,000 sq ft space for offices, offline campuses, housing for learners, studios and training rooms for a growing roster of teachers and faculty.
It is to hire over 1,400 team members between November 2022 and March 2023 across India and global offices.
“Domestic expansion has been a priority for us. While our business model is reaping 100%+ results quarter-on-quarter, it’s important for us to reinvest our gains to scale the impact we aim to drive,” said Mayank Kumar, Co-founder & MD, upGrad.
“We are expanding to house the larger teams that we are bringing on board. Also, while our focus is on strong online delivery models, we encourage our current and prospective learners to meet us in person while they decide on the right program for themselves.
“Thus, having an offline presence allows us to be closer to our learners in their LifeLongLearning journey,” he said on 16 Nov 2022.
Of the 1,400 members, the majority will be Faculty, Trainers, and Experts followed by sales and marketing, content, delivery and learning experience.
The focus of the hires is on their high growth areas that include: (a) Study Abroad, (b) 10 Global Campuses, (c) Job enabled and ready focused programs that upGrad launched in India and the US in the last 90 days, and (d) at its ATLAS SkillTech University in Mumbai.
To date, ‘One upGrad’ has impacted 8.2 million learners in soft skills, test prep, college-linked programs, credential-linked programs, placements, job changes, and career enhancement.
upGrad closed an area of 200,000 sq. ft in Mumbai for its learner housing program where the students have also turned architects to design their facility, 20,000 sq. ft in Bengaluru for its KnowledgeHut expansion into Bootcamps and more, 25,000 sq. ft in Pune for the expansion at Talentedge.
Further, it has signed 40,000 sq. ft in Sector 125 in Noida for their Study Abroad division, upGrad Abroad, and 50,000 sq. ft in Sector 58 in Noida to house their government test prep infrastructure that contains 45+ studios with 150+ trainers that cater to 27 YouTube channels that receive over 25 lakh views per day and will also train over 5L aspirants this year for ensuring government jobs readiness.
upGrad has teams on the ground and offices globally – Singapore, San Francisco, Indonesia, New York, Middle East, London, Vietnam, Washington and across all of Australia. fiinews.com
