upGrad, an ed-tech start-up has recorded growth in its annual revenue growth. The gross revenue is expected to cross $210 million annual revenue rate. In March 2022, it forecasted revenue growth of $500 million.

In its curriculum, the company has included lifelong learning for professionals within the age of 18-60 years. Its recent acquisition of Knowledgehut and Govt Test Prep Jeet helps to impart the skill development initiatives.

The firm’s study portfolio reflected 300 per cent growth. In international business also the company is observing growth.

“Along with our existing growth plans, our Merger & Acquisition appetite for non-linear growth continues to remain large on a strategic level,” said Mayank Kumar, MD and co-founder, upGrad.

“One should expect to hear closure on some global deals soon. While the closing quarter has witnessed several business initiatives put to action, the coming two quarters will reap strong results as the overall upGrad brand kicks in,” he added.

The firm has closed a series of fundraising from IFC, IIFL and Temask. It became the newest member of the unicorn club by raising a total of $185 million at a value of $1.2 billion.

With over 3350 employees, upGrad said it remains steadfast in securing its position as Asia’s largest higher integrated edtech company. The firm said it expects to grow much faster than its peers in the education space.

The funding will help upGrad compete with Unacademy which is a Softbank backed startup, Simplilearn, Byju’s, Vedantu and Amazon Academy.