Edtech company KnowledgeHut acquired by upGrad
upGrad has recently acquired global edtech company, KnowledgeHut.
KnowledgeHut aims to equip the global workforce with the skills of the future, through outcome-based immersive learning. It has a product offering of over 200 courses across in-demand areas of web development, machine learning/AI, and data science, agile and project management, IT service management, cyber security and cloud computing.
With the acquisition of KnowledgeHut, upGrad is venturing into the short duration upskilling and reskilling segment, which has a market potential of over US$ 58bn. It will provide learners with a scalable and immersive learning model, to upskill and help them drive meaningful career outcomes through its next-gen flagship learning experience platform, PRISM.
“KnowledgeHut’s presence in 70+ countries will further upGrad’s ambition of liberalising quality online education around the world,” said Ronnie Screwvala, upGrad Chairperson & Co-Founder.
Post-acquisition, KnowledgeHut will operate as a wholly owned subsidiary of upGrad.
“With our focus on short-term professional upskilling, KnowledgeHut is driving outcome-based immersive learning for global technologists and the wider professional community. Given our position in global markets, this synergy with upGrad will further strengthen and support that vision. The acquisition paves the way for upGrad to empower B2B customer segments across geographies including the United States and the Asia Pacific,” said Subramanyam Reddy, CEO, upGrad KnowledgeHut.
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