UpGrad Acquires 90% Stake in Internshala to Expand Career Ecosystem

UpGrad has strengthened its career services portfolio by acquiring a 90% stake in internship and job platform Internshala. The transaction, executed as a stock deal, is aimed at deepening integration between skilling and employment pathways. 

Growth Strategy and Revenue Targets 

While financial terms were not officially disclosed, reports value Internshala at around ₹100 crore. The platform currently generates about ₹45 crore in revenue, and UpGrad has set an ambitious goal to scale this beyond ₹100 crore within 18-24 months. 

Ronnie Screwvala said internships form a critical part of the skilling journey, noting that practical exposure aligns closely with UpGrad’s training model. Internshala has been growing at 30–40% annually, and the new ownership structure aims to push that trajectory towards 40–50%. 

UpGrad plans to deploy additional resources into product upgrades, AI-driven talent matching and enterprise hiring solutions to enhance the platform’s reach and monetisation. 

Business Structure and Market Reach 

Internshala will continue to function as an independent brand under founder and CEO Sarvesh Agrawal. The Gurgaon-based platform, established in 2010, has built a base of more than 34 million registered users and around 450,000 employers, with nearly 3 million active applicants each year. Over 40% of its users are located in tier-II and tier-III cities. 

Agrawal said the focus will increasingly shift towards enterprise engagement, leveraging UpGrad’s corporate relationships. The platform will emphasise both B2C monetisation through premium offerings and B2B hiring partnerships with small businesses and large organisations. 

Broader Expansion  

The acquisition aligns with UpGrad’s broader M&A strategy. The company has expressed interest in Think & Learn, the parent entity of Byju’s, including assets such as Great Learning and Aakash Educational Services. It had also evaluated Unacademy but stepped away due to valuation differences. 

Read More: SIP at 40 for Child Education in 15 Years – Is It Enough?! 

Conclusion 

By linking skilling with structured internship and hiring access, UpGrad is positioning itself as a more comprehensive education-to-employment platform. The Internshala deal marks a strategic step towards strengthening that end-to-end ecosystem. 

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