Edtech unicorn upGrad acquired Harappa Education for $38 million in a mix of cash and share-swap deal.
Harappa provides self-paced online courses to working professionals from a variety of organisations. Harappa's founders, Pramath Raj Sinha and Shreyasi Singh, as well as its stakeholders, will join upGrad's cap table as part of the agreement. According to an upGrad spokesperson, the acquisition will help upGrad strengthen its capabilities in the enterprisetech segment. Harappa Education will continue to operate independently as a result of this.