upGrad to acquire higher education firm Talentedge for Rs 400-500 cr

This would be one of the largest consolidations in the Indian Higher education space, in which the No. 1 player in the space is acquiring the No. 4 player

Ronnie Screwvala-led edtech unicorn upGrad has entered into an exclusive agreement to acquire Talentedge (Arrina Education Services, the Holding Company of Talentedge Education Ventures Private Limited), one of India's largest online higher education companies. This would be one of the largest consolidations in the Indian Higher education space. The deal size is pegged at Rs 400-500 crore.

Talentedge is slated to do revenue of over Rs 130 crore this year and double its revenue in the coming year. Sources say the deal value is at 3-4X this year’s revenue.

This acquisition marks the first step in the massive consolidation that