upGrad, Asia’s largest integrated higher Edtech major has announced a 100% merger of Harappa Education at a value of USD 38 million (INR 300 crores). Harappa will clock USD ~10 million( INR 75 crores) in Revenue this year. upGrad closed this transaction with present Harappa shareholders – Bodhi Tree Systems, (a newly formed platform between James Murdoch & Uday Shankar) and Co-founders Pramath Raj Sinha & Shreyasi Singh. All of them join the upGrad Cap table.
Co-founded by Pramath Raj Sinha, also the Founding Dean of the Indian School of Business (ISB) and the Founder Trustee of Ashoka University, and Shreyasi Singh, ex-editor of India Inc, the New Delhi-based online learning institution offers self-paced courses to address the spiralling problem of poor employability, inadequate leadership and an ill-equipped workforce. Harappa has an active clientele of 100 mid-large sized organizations.