Ronnie Screwvala-led upGrad eyeing acquisitions in the US, Southeast Asia

As part of the acquisition strategy, upGrad Rekrut, a 100 per cent subsidiary of upGrad, has acquired Wolves India, a recruitment and staffing firm, for an undisclosed amount

Ronnie Screwvala-led edtech unicorn upGrad has initiated a M&A (mergers and acquisitions) strategy in negotiations to acquire various companies in markets such as the US and Southeast Asia for expansion in those regions. As part of that strategy,  upGrad Rekrut, a 100 per cent subsidiary of upGrad, has acquired Wolves India, a recruitment and staffing firm, for an undisclosed amount. It specialises in helping recruit tech talent. 

upGrad is making these at a time when the company almost doubled its valuation to $2.25 billion after raising $225 million in fresh funding from investors such as James Murdoch’s Lupa Systems