The first two such counselling centres have already been inaugurated in Mumbai and Delhi and the first two learning centres in Indore and Pune, the Mumbai-headquartered firm said in a statement.
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Over 500 career counselling sessions were clocked in the first 30 days of the centres that have already opened, the statement added. The goal for the counselling centres was to counsel over half a million individuals on their career moves, and for the learning centres to see enrollments of over 10,000 learners.
The Rs 100-crore corpus has been earmarked to access non-metros and smaller towns and accelerate operations in the next 12 months. Upgrad currently has over 50 franchises and 150 channel partners in its pre-existing offline network.
“We’ve identified the high-demand geographic pockets that will allow talents beyond metros to experience the sincere hand-holding they need in their lifelong learning journey,” Upgrad cofounder and managing director Mayank Kumar said.
The centres will serve as hubs for career counselling for those looking to upskill and re-skill and will have access to all of Upgrad’s courses and programmes in one place.
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Founded in 2015, Upgrad’s offerings range from online and hybrid degree programmes to pathway and study abroad programmes, certification and bootcamps, to diploma, master’s and executive doctorate programmes for working professionals.The company has enrolled over 10 million learners from over 70 countries, and has a network of over 300 direct global university partners. It has raised $365 million since its inception in 2015.
Upgrad reported a 96% rise in revenue to Rs 1,194 crore in the financial year ended March 2023, while losses during the period went up 67% to Rs 1,142 crore.