upGrad reports a 30% revenue jump and significant losses cut, with AI courses driving growth.

upGrad, an Asian edtech company, reported a 30% revenue increase in FY24, reaching INR 1876 crore. EBITDA loss and negative PAT each fell by 50%, to INR 202 crore and INR 560 crore, respectively. The company saw a 50% rise in learner enrollments and over 55,000 career transitions. AI courses contributed 20% of total revenue, and enterprise client growth rose by 50%, with global partners. upGrad aims to be profitable by FY25 while expanding in North America and EMEA.

3 months ago
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