Online education provider for working professionals, UpGrad, has acquired Pyoopil Education Technologies which is a mobile-based SaaS (Software-as-a-service) product, used by companies for online training programmes.
With this acquisition, UpGrad will be able to get a shot at addressing the large business-to-business (B2B) education needs and will go hand in hand with its already existing flagship B2C offering.
Based in Delhi, Pyoopil was founded in 2013 by Harsh Tripathi, Ankan Adhikari, and Tushar Banka. It offers mobile-based SaaS products to companies for online training programmes of their employees.
The app comes equipped with a learning platform that enables peer engagement and mentorship for its users. The venture earlier raised an undisclosed amount of funding from angel investors. Harsh Tripathi, CEO of Pyoopil, said in a statement:
“We have been in touch with UpGrad for some time now and given our shared drive and values on how we were approaching online education, we decided it would be best to join hands and do this together.”
After joining the UpGrad team, Pyoopil will continue working on building learning products for working professionals.
Upgrad was founded in 2015 by Ronnie Screwvala, Mayank Kumar, Phalgun Kompalli, and Ravijot Chugh. UpGrad offers online education programmes to professionals looking to scale their skills. It offers courses on data analytics, angel investing, digital marketing, and product management among others.
UpGrad is one of its kind online learning platform as unlike other online websites offering various courses, it functions as a digital university in itself. There is a selection procedure for getting enrolled in its courses and the fee structure of the online education portal is also at par with similar full-fledged programs in the universities.
Mayank Kumar, managing director of UpGrad, said:
“The traditional areas on which organisations have built competencies are changing as we move to the digital era. We want to be their learning partner of choice for developing new skills and competencies,”
UpGrad will now offer customised programmes to corporate clients in emerging areas such as data analytics, product management and digital marketing, among others.
The startup’s online offering aims to cut down the non-learning spend, such as lodging and travel, of the corporate and instead channel the funds towards core learning requirements.
UpGrad has also partnered with Cognizant, Genpact, Gramener, Star TV, Disney, Uber, Google, Microsoft and BookMyShow, among others, for its existing programme content, in the form of case studies. Other than the large corporates, the startup is also focussing on the small and medium enterprise segment.
The company is also looking at training fresh talent in new age skills, before joining the company. UpGrad has also partnered with Cognizant, Genpact, Gramener, Star TV , Disney, Uber, Google, Microsoft and BookMyShow, among others, for its existing programme content.
Commenting on the acquisition, Ronnie Screwvala and Mayank Kumar, co-founders, UpGrad, in a joint statement said, “We are seeing a strong demand from companies who are looking to train their employees at a large scale. And UpGrad’s highly engaging online learning solution allows us to deploy learning solutions for enterprise at massive scale. Our new programmes for corporate will focus on imparting skills around data, digital, and innovation for workforce across corporates.”