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New Deal


Announced

upGrad to acquire Harappa Education from Bodhi Tree Systems for $38m.

Financials

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Transaction Value£32m
Consideration TypeCash, Ordinary Shares
Capital Owned-
Capital Bid For100%
EV/Sales-
EV/EBITDA-
Share Price Premium-
One Off Charge-

Tags

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India

Majority

Friendly

Single Bidder

online learning platform

Private

Pending

Education Services

Acquisition

Domestic

Synopsis

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upGrad, an integrated higher Edtech company, agreed to acquire Harappa Education, an operator of online learning platform, from Bodhi Tree Systems for $38m. "Similar to the integrated approach that we have been able to achieve in the B2C segment, we intend to offer a complete suite of products to our enterprise partners. A combination of upskilling courses along with these critical skills that Harappa has to offer would set us apart. We see strong demand from our clients and with Harappa coming in, we believe we'll be able to grow exponentially within the segment as we cross-leverage the synergies. Pramath and Shreyasi come with a strong business legacy, which in turn, further fuels our ambition of becoming the global edtech leader," Ronnie Screwvala & Mayank Kumar, upGrad Co-Founders.

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