UpGrad has acquired Internshala, the world’s largest internship and early-talent marketplace, through a 90% stock-swap transaction. The deal, valued at around Rs 100 crore, strengthens UpGrad’s integrated skilling and workforce development ecosystem, while Internshala continues to operate independently under its founder Sarvesh Agrawal.
Mumbai-based edtech leader UpGrad has announced the acquisition of Internshala, a career-tech platform connecting students and fresh graduates with internships and entry-level jobs. The transaction, structured as a 90% stock-swap, marks a significant step in bridging education, skilling, and employment on a unified platform.
Key Highlights
-
Internshala, founded in 2010, has built a community of over 34 million registered users and 450,000 employers, with nearly 3 million active applicants annually
-
More than 40% of Internshala’s user base comes from Tier 2 and Tier 3 cities, underscoring its reach across India
-
UpGrad plans to invest in AI-led talent matching, enterprise hiring models, and product innovation to accelerate growth
-
Revenue targets for Internshala are set to scale from Rs 45 crore to Rs 100 crore within 18–24 months
-
Internshala will continue to operate independently under CEO Sarvesh Agrawal, ensuring continuity of brand and operations
This acquisition positions UpGrad as a comprehensive player across the career lifecycle, integrating education, skilling, and employment opportunities for India’s growing talent pool.
Sources: Reuters, The Economic Times, Best Media Info, MediaNama