Friday, 24 March, 2023

upGrad acquires coaching institute The Gate Academy, plans more acquisitions

<p>Edtech platform upGrad has acquired The Date Academy having 57 coaching centres in India for an undisclosed amount. upGrad will invest Rs 100 cr into TGA to develop 20,000 hrs of content in multiple languages and provide access to at least 10 lakh test applicants, annually. The acquisition said to be first among many M&amp;A planned by upGrad, marks its entry into the test preparation market. TGA will continue to be separate brand run by its Founder and CEO Ritesh.</p>