CosmicTaco

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

CosmicTaco · 2024-08-12T08:50:59.926764+05:30

- 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](https://thearcweb.com/article/enterprise-business-lifts-upgrads-income-by-25-to-rs-1715-cr-S3eFCjC81nx2CwUG)

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

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