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Edtech Upgrad aims for IPO in two years

Economic Times · 1y

Mumbai-based edtech unicorn Upgrad plans to go public through an IPO within the next two years. The company aims to achieve milestones like $750 million in revenue, an 80% gross margin, and a 50% net margin before proceeding with the listing. Upgrad focuses primarily on digital operations in India and intends to list on the Indian stock market. Currently, the company has a run rate of $400 million and recorded significant revenue growth in the previous financial year. It has also allocated funds to open offline touch-points and learning centers.