upGrad's revenue rises to Rs 692 cr in FY22, losses widen to Rs 627 cr

The total expenses of the edtech unicorn for the fiscal were reported as Rs 1,319 crore in FY22, a jump of 157 per cent from Rs 514 crore last year

Edtech unicorn upGrad Education Private Limited reported its consolidated revenues for the financial year 2021-22 as Rs 692 crore, a 111 per cent increase from Rs 328 crore last financial year. The company’s consolidated net loss widened almost three times to Rs 627 crore during the same fiscal compared to Rs 211.1 crore last year, according to data accessed by business intelligence platform, Tofler.

The company’s losses mainly grew due to a significant rise in expenses during FY22. The total expenses for the fiscal were reported as Rs 1,319 crore in FY22, a jump of 157 per cent from Rs