upGrad posts Rs 1,876 Cr gross revenue in FY24, EBITDA losses down

UpGrad, an edtech company, reported ₹1,876 crore in gross revenue for FY24, with a 50% reduction in EBITDA losses. The company has been focusing on scaling its operations and expanding its offerings in the online education space. The decrease in losses reflects the company’s improving financial health and operational efficiency. UpGrad’s strategy has been to diversify its product offerings, including launching new courses and partnerships with universities and colleges. The revenue growth highlights the increasing demand for online education in India and globally. UpGrad’s performance underscores the potential of the edtech sector and its ability to adapt to changing market dynamics.