Ronnie Screwvala's upGrad breaches Rs 1,200-crore annual revenue rate

Clocks revenue of Rs 100 cr in March; set to acquire two start-ups to strengthen presence in higher education sector

By tripling down on its course offerings, scaling university partnerships, and putting together a crack team in India and across the globe, Ronnie Screwvala-founded higher education start-up upGrad has achieved an annual revenue rate (ARR) of Rs 1,200 crore for the financial year 2020-21 (FY21).

The start-up, which saw a 100 per cent revenue growth last year, is now targeting 150 per cent revenue growth in 2021 with profitability in sight. The company clocked revenue of Rs 100 crore in the month of March 2021. “We will break even in the coming quarter, with growth coming from the core business, which