upGrad acquires edtech startup Exampur
Edtech company upGrad has acquired Exampur, a test-prep platform for government jobs for an undisclosed amount. This is the 14th acquisition for Ronnie Screwvala-led company which recently took over Harappa Education for $38 million.
According to upGrad, the acquisition of Exampur will add value such as online test series, free quizzes, and live scholarship tests to help aspirants assess their professional competencies and streamline their learning process.
Exampur has study material repositories and e-books portfolio for candidates who can easily access them anytime at their own convenience. The Noida-based startup claims that it has a user base of over 10 million students and offers over 200 test-prep courses for govt. jobs where most of the content is delivered through its YouTube channels including focusing on UPSC, SSC, defence, banking, teaching, and other state-level government job preparations.
Co-founded in 2018 by Vivek Kumar and Vardan Gandhi, Exampur looks to close revenue of Rs 70 crore this fiscal.
upGrad entered the unicorn club with a $1.2 billion valuation in August last year. In June, it reportedly raised $225 million in a new round at a valuation of $2.25 billion. The Mumbai-based company has a learner base of over 3 million across over 100 countries and more than 300 university partners.
upGrad seems to be a captivating startup with inspiring new development on E-Learning providers platform. I’m certain this startup would keep on succeeding in its excursion ahead. All the best to the whole group.Shishir Gupta, Founder and CEO, StartupLanes
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