Liquidity Events
Edtech unicorn Upgrad acquires corporate training player Centum
Edtech unicorn upGrad has acquired corporate training solutions provider Centum Learning in a share swap deal. With this transaction, Bharti Enterprises (the parent company of Centum Learning) and its affiliates will be joining upGrad's cap table. With over 2,000 employees, Centum will continue to operate independently under the leadership of Managing Director and CEO Sanjay Bahl. Headquartered in Delhi, Centum was founded in 2007 and offers impact-based training to corporates as well as vocational and educational training to students in schools and colleges with an aim to make them either self-employed or meaningfully employed.
In Jun-2010, Centum had raised over USD 8.5 M from Mayfield. (Subscribers to the database can login to view the valuation, deal structuring and other transaction details.)
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