upGrad acquires Impartus; Commits INR 150 Cr for buyout and its growth

~ Strengthens upGrad’s foothold in College Education; Impartus rebranded as ‘upGrad Campus’ ~

National, May 24, 2021: upGrad, South Asia’s largest online higher education company has acquired Impartus, a leading video-enabled learning solutions provider, and has committed over INR 150 Cr for the buyout and to invest in its growth. 

Founded by three IIT-graduates, Amit Mahensaria, Alok Choudhary and Manish Kumar, Bengaluru-based Impartus develops cutting-edge, innovative technology solutions for education, with their core feature being virtual classrooms that allow for deep learner-teacher engagement. Impartus was the front-runner in allowing schools and colleges to migrate online at zero cost when the pandemic broke in 2020. The platform has successfully on-boarded over 280 HigherEd institutes, 50,000 teachers, and 6 lakh learners within a short span of 7 years.

Impartus, now a 100% subsidiary of upGrad, has been integrated into the edtech giant's ecosystem and rebranded as ‘upGrad Campus’. In its new avatar upGrad Campus will target HigherEd institutions and college students, with its learning tools and world-class content, in an integrated solution. It is looking to close FY22 with around INR 85 Cr revenue, with the founders continuing to run & grow the business independently.

“One of the major challenges faced by graduates in India, is their lack of industry-ready and employable skillsets due to the inadequate curriculum of HigherEd institutions. The synergy of Impartus and upGrad will pave the way for augmenting college education by helping learners upskill with new-age courses, thus elevating their candidature for better career prospects,” said Amit Mahensaria, CEO - upGrad Campus.