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Ed-tech blitzkrieg is over. Now, Ronnie Screwvala’s upGrad is nursing a Harvard dream.
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Ed-tech blitzkrieg is over. Now, Ronnie Screwvala’s upGrad is nursing a Harvard dream.

By Andrew McCollum

Ronnie Screwvala, co-founder and chairperson, upGrad.

Synopsis

After embracing a private capital-driven hypergrowth strategy, the ed-tech unicorn faced a topsy-turvy phase that saw recalibrations, unmet targets, and fewer placements. As the firm is coming out of that period with a few bruises, it is working on some long-term plans.

After six years of bootstrapping upGrad into a formidable higher ed-tech company, serial entrepreneur Ronnie Screwvala gave into the venture capital-driven growth model in 2021. By then, Byju’s had raised USD2.5 billion and Unacademy USD400 million. The pandemic-induced explosion in online learning had triggered a mad rush. Between Byju’s and Unacademy alone, USD1.7 billion was raised in just one year up to May 2021. Clearly, upGrad did not want

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Andrew McCollum 109721 posts 0 comments