UpGrad acquires Centum in a share swap deal

16 Sep 2022 , 07:15 AM

Upgrad, an EdTech company, has acquired Centum learning in a share swap deal. 

Centum is expected to generate Rs 170 crore in revenue in FY23.

Additionally, Upgrade just raised $210 million from prominent investors in a new round of fundraising valued at $2.25 billion.

As the corporation was about to close deals with four more education companies, a large percentage of  new funding may be used for acquisitions.

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