Edtech unicorn Upgrad’s losses widen on rising costs

Edtech unicorn Upgrad’s losses widen on rising costs

BENGALURU: Upskilling edtech unicorn Upgrad saw its losses rise threefold to ₹626.6 crore in the financial year ending March 2022 from ₹211.1 crore in the previous year. The Temasek-backed startup’s operating revenues nearly doubled to ₹679.1 crore in FY22, according to the documents it filed with the Ministry of Corporate Affairs (MCA). “In terms of … Read more

upGrad-backed Harappa launches in US, to upskill 55,000 managers in 3 yrs

upGrad-backed edtech firm Harappa has launched its services in the US market and plans to scale up its operations there. Harappa aims to upskill 55,000 people through its programs on learning, application, experience and coaching. The US corporate learning market is pegged at $150 billion, compared to the $5 billion market for industry-led learning in … Read more

Fired employees reach out for placements, startups; willing to take 20-40% pay cuts

Layoffs: Fired employees reach out for placements, startups Photo: iStock New Delhi: 2022 will be etched in history as it will be remembered for the massive number of layoffs that happened this year. With companies across the world looking at cost-cutting measures, it is hardly a secret that lakhs of employees have been laid off … Read more