Enterprise Business Boosts Upgrad’s Revenue by 25% to Rs 1,715 Crore

• Upgrad's gross revenue increased by 25% to Rs 1,715 crore ($204 million) in FY24, driven by its enterprise business and international operations.
• The company offers upskilling courses and executive training programs, partnering with over 20 institutions like IIM Kozhikode and Wharton School.
• Upgrad's enterprise segment contributed 30% of overall revenues in FY24, with an order book projected to reach Rs 228 crore ($27 million) in FY25.
• The company's EBITDA margin improved from -19% in Q4 FY23 to 4% in Q4 FY24, thanks to the robust enterprise business.
• Despite challenges in the edtech sector, Upgrad continues to expand globally, with international operations accounting for 21% of its income in FY24.

Source: The Arc