UpGrad targets employment for 75000 through its new skill courses for freshers

With its program completion rate of 80%, upGrad stated it has stayed optimistic, defying the slowing trend in the edtech sector.

August 23, 2022 10:04 IST | India Infoline News Service

Unicorn edtech promoted by Ronnie Screwvala, UpGrad is focusing even harder on building the broadest assortment of upskilling programs. First-time job searchers and working professionals will be able to enroll in their own upGrad-branded courses thanks to the scheme. In one year, upGrad hopes to create 75,000 employment through the new initiative.

According to upGrad, 80% of those who enter the workforce find it difficult to land a job. The upGrad course portfolio is dedicated to equipping individuals with the necessary skill sets to find employment. The company claims that corporate hiring costs are rising and that this benefits both the employer and the employee by saving time and money.

Today, upGrad serves the training requirements of over 3,700 businesses globally. With more than 3 million learners over the past seven years, it is able to comprehend the demands of the employee. With a few offline sites opening in large cities, the programs are primarily online and partially blended. This would enable upGrad to seize this chance to scale and create a significant amount of employment across the nation.

This revenue stream is a crucial component of UpGrad's growth strategies as it grows into the largest integrated lifelong learning organization. In the next 24 months, the company wants this portion of the market that creates jobs to generate $200 million in revenue.

In the following three months, the upGrad team's size will increase from 4,800 to 7,600. Additionally, the team will consist of around 5,000 contracted coaches and mentors, 1,600 teachers, and approximately 170 full-time faculty members.

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