Friday
May 28
2021

upGrad Aquires Impartus

By Tarush Bhalla

The acquisition will give an exit to Impartus’ existing investor Kaizen, which had invested $4.1 million in the startup in 2015.

Online higher education platform upGrad has acquired Impartus, a video-learning solutions provider, for ₹150 crore, in a cash and stocks deal as it looks to distribute its courses to colleges and other educational institutions.

The acquisition will give an exit to Impartus’s existing investor Kaizen, which had invested $4.1 million in the startup in 2015.

Almost ₹50 crore of the proceeds from the deal will be used as a further investment to scale the Impartus platform this fiscal year.

Post the acquisition, Impartus will be rebranded as upGrad Campus, which will focus on providing learning tools to higher education institutions and colleges.

Photo courtesy of Siyavula Education.

Source: Live Mint (link opens in a new window)

Categories
Education, Technology
Tags
edtech, scale, startups