Ronnie Screwvala’s upGrad acquires Noida-based Exampur

Updated on: 3 August 2022 1:52 am

Singularity Growth Opportunities Fund and SWC Global led the funding round, which saw participation from existing investors like India Quotient, Blume Ventures, and IAN Fund

WebEngage Raises $20 Million In Series B Photo: Singularity Growth Opportunities Fund and SWC Global led the funding round, which saw participation from existing investors like India Quotient, Blume Ventures, and IAN Fund

Higher education platform upGrad has acquired Noida-based Exampur, an edtech that offers test-prep for government jobs. This development comes close on the heels of the company’s acquisition of another online learning institution, Harappa Education , in July 2022 for $38 million. The unicorn’s 100 per cent subsidiary, upGrad Rekrut, also acquired recruitment and staffing firm Wolves India, for an undisclosed sum in July.

The deal amount for upGrad's latest acquisition of Exampur was not disclosed.

Co-founded by Vivek Kumar and Vardan Gandhi in 2018, Exampur offers over 200 test-prep courses for aspirants keen to get government jobs. This includes UPSC, SSC, defence, banking, teaching and other state-level administrative sectors.

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The majority of the vernacular-language content is delivered through its YouTube channels. Exampur also has offline centres in cities like Delhi, Agra, Lucknow, Kanpur, Prayagraj, Meerut and Patna.

The mass edtech platform claimed a subscriber base of over 12 million with an average viewership of 2.5 million students. Ninety per cent of its paid users are from tier 2, 3 and 4 towns in India. Exampur hopes to reach Rs 70 crore in revenue this fiscal.

Last year, the company raised an undisclosed amount during its Pre Series A funding round from a consortium of Singapore-based angel investors. It included current and former executives of Coca-Cola, Vivendi, Citibank, Qualcomm and Interpublic Group.