UpGrad Education, the edtech startup of media entrepreneur and investor Ronnie Screwvala has in a deal acquired an online job skilling platform for undergraduates known as Acadview Software.
The financial details of the deal were not disclosed. With this acquisition, UpGrad, which targets working professionals will foray into offering online courses for the college-going population.
Talking about the acquired company, Acadview is a Gurugram based startup that was founded by Himanshu Batra and Varun Jain which helps fresh graduates upskill themselves with in-demand technologies through live online courses and industry projects. The company also offers infotech professionals an option to make an extra living by teaching these courses and mentoring students.
“Education market in India is theory-based, making it challenging for students to be prepared for jobs. Equipping students with engaging content, personalised coaching, hands-on experience with real world projects and guidance from subject-matter experts in the industry can bring a step change in the quality of workforce available to employers,” said Himanshu Batra, founder and chief executive of Acadview.
The company also claims to have collaborated with over 80 universities and colleges in north India and also have trained more than 3,000 students in the last year alone.
UpGrad, on the other hand, was founded in 2015 and the company targets professionals with online courses in entrepreneurship, digital marketing, data analytics and product management. As of now, the company has tied-up with institutes such as IIT-Bangalore, BITS-Pilani, IMT-Ghaziabad, MICA-Ahmedabad, and UK’s Cambridge University.