Edtech start-up upGrad acquires corporate training solutions firm Centum

Company led by entrepreneur Ronnie Screwvala is on an acquisition spree and last month bought Exampur, a test-prep provider for state jobs

Education technology start-up upGrad said on Thursday it has acquired corporate training solutions firm Centum Learning (Centum) in a share-swap deal.

Entrepreneur Ronnie Screwvala-led upGrad didn’t reveal the value of the transaction for Centum, which is expected to clock revenue of Rs 170 crore ($ 21 million) in Financial Year 2022-23 (FY23).

Centum, which is headquartered in Delhi and was formed in 2007, trains corporate employees and it also offers vocational and educational learning to schools and college students.

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