Ronnie Screwvala
upGrad earmarks Rs 100 cr for creating AI incubator: Ronnie Screwvala
Edtech unicorn upGrad has earmarked Rs 100 crore to create an AI incubator, to boost innovation in learning and skilling space, a top company official said. upGrad Founder and CEO, Ronnie Screwvala told PTI in an interview that outside the school and colleges curriculum the learning and skilling space is evolving rapidly and there is need to explore innovative ways to address this segment. "We are putting Rs 100 crore. It will be used for incubation as well as acquiring minority stake in 5-6 startups at an early stage so that we do not dictate them. We don't want to get into the valuation game as it becomes too onerous for a startup but we want them to innovate in a more frugal manner," Screwvala said. The move follows upGrad's announcement in Davos of creating an AI center of excellence with investment of Rs 2,150 crore in collaboration with the Maharashtra government. The company has also entered into a partnership with Microsoft to train 10 lakh STEM Indian professionals in one
 "upGrad earmarks Rs 100 cr for creating AI incubator: Ronnie Screwvala")
Focus should be on smart talent, not labour arbitrage: Ronnie Screwvala
he highlighted that India has a significant opportunity to position itself as one of the world's most innovative nations by focusing on developing its talent pool
 "Focus should be on smart talent, not labour arbitrage: Ronnie Screwvala")
Temasek invests $60m in Upgrad, valuation holds steady at $2.25 billion
Singapore's Temasek invests $60 million in Upgrad, maintaining a $2.25B valuation, while founder Ronnie Screwvala increases his stake to 45 per cent amid strategic changes for growth
 "Temasek invests $60m in Upgrad, valuation holds steady at $2.25 billion")
upGrad commits Rs 200 cr training programme for PM's internship scheme
The firm has created a specialised course with nine comprehensive modules and virtual classrooms
 "upGrad commits Rs 200 cr training programme for PM's internship scheme")
Ronnie Screwvala's Swades Foundation files draft prospectus at SSE
The not-for-profit Swades Foundation is founded by Entrepreneurs and investors Ronnie and Zarina Screwvala
 "Ronnie Screwvala's Swades Foundation files draft prospectus at SSE")
Netflix's monetisation model may just save India's online learning apps
The Physics Wallah app has 2 million users logging in daily and spending 80 minutes
 "Netflix's monetisation model may just save India's online learning apps")
UpGrad's founder blames Raveendran, investors for current state of Byju's
Speaking at the second edition of the ASU+GSV & Emeritus Summit in Gurugram, he emphasized that "one rotten apple" should not affect the entire edtech sector
 "UpGrad's founder blames Raveendran, investors for current state of Byju's")
upGrad commits Rs 100 crore for 100 'connect and counselling' hubs
Initial reactions have been strong, with over 500 career counselling sessions in the first 30 days. The goal is for the 100 centres to counsel over half a million individuals on their career moves
GST officials visit Ronnie Screwvala-led upGrad's offices in Mumbai
The edtech stated that it was a routine survey, and that it was fully compliant
 "GST officials visit Ronnie Screwvala-led upGrad's offices in Mumbai")
Ronnie Screwvala-led edtech unicorn upGrad records 10 mn enrolled learners
upGrad is evolving to become Asia's largest integrated learning, skilling, and workforce development and placement company
upGrad closes Rs 300 cr internal funding round from existing investors
Major investors in the rights include co-founder Ronnie Screwvala (Rs 212 cr) and Singapore-based Temasek (Rs 81 cr)
 "upGrad closes Rs 300 cr internal funding round from existing investors")
Amid tech layoffs, Ronnie Screwvala's upGrad reports uptick in upskilling
upGrad works with over 400 global companies to upskill their talent
 "Amid tech layoffs, Ronnie Screwvala's upGrad reports uptick in upskilling")
upGrad-backed Harappa launches in US, to upskill 55,000 managers in 3 yrs
Harappa founders cite huge scope as 82% Americans are likely to quit their jobs because of a bad manager, while 44% managers feel they are unprepared for their jobs
What layoffs? Ronnie Screwvala-led upGrad on a hectic expansion spree
In a studied contrarian move, the Ronnie Screwvala-led edtech company is on a hectic expansion spree
 "What layoffs? Ronnie Screwvala-led upGrad on a hectic expansion spree")
Ronnie Screwvala-led upGrad to hire 1,400 amid edtech sector turbulence
Signs up new leases for 335K sq ft space in Mumbai, Bengaluru, Pune and Noida
 "Ronnie Screwvala-led upGrad to hire 1,400 amid edtech sector turbulence")
Top headlines: Meta prepares for mass-layoff, Musk calls back fired workers
Business Standard brings you the top headlines at this hour
 "Top headlines: Meta prepares for mass-layoff, Musk calls back fired workers")
Edtech pioneer Ronnie Screwvala to build world's largest tech school
The move comes at a time when many unicorns recently fired employees in an attempt to conserve cash and focus on profitability amid steep losses and a funding winter
 "Edtech pioneer Ronnie Screwvala to build world's largest tech school")
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
Deepak Parekh, Anil Ambani among corporate leaders to pay tribute to Mistry
Family friend and NCP leader Supriya Sule joins hundreds of SP group employees and others at the funeral Tuesday morning. Reliance Jio chief Akash Ambani among mourners
 "Deepak Parekh, Anil Ambani among corporate leaders to pay tribute to Mistry")
upGrad launches new upskilling programme; aims to enable 75,000 jobs
Bucking the slowdown trend within the edtech sector, upGrad said it has remained bullish with its program completion rate of 80 per cent
