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upGrad says study-abroad unit set to become largest player in South Asia

Unicorn led by Ronnie Screwvala seeks annual revenue run rate of $130 million by 2023 for the platform.

Ronnie Screwvala - Co-founder & Chairman, upGrad
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Ronnie Screwvala - Co-founder & Chairman, upGrad

Peerzada Abrar Bengaluru
Ed-tech unicorn upGrad has said its study-abroad vertical will become the largest such player in South Asia and it aims to be the global leader by 2023.

‘upGrad Abroad’ aims to enroll over 25,000 learners and cross an annual revenue run rate of $130 million by 2023, said the  unicorn led by Ronnie Screwvala.

India, as a market for students seeking to go abroad, is among the top 2 countries in the world. The number increased from 440,000 in 2016 to 770,000 in 2019. It is expected to cross 1.8 million students annually by 2024. USA, UK, Australia, Canada, and Germany are

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First Published: Mar 28 2022 | 9:05 AM IST

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