upGrad, South Asia’s largest higher edtech makes yet another promising move in 2021 – celebrates its accomplishment of 1,000 successful job placements in a single month in March’21, through Rekrut India, a 100% subsidiary of upGrad. The leading recruitment and staffing solutions company was acquired by upGrad in December 2020 and within a short period of time, the two forces have combined and delivered 2500 successful career transitions in the last quarter – Q4 (January-February-March) at an average salary hike of 50%.
With learners placed across major corporates from India and abroad like Deloitte, Publicis Media, Ugam solutions, Citiustech, Airtel Payments Bank, NPCI (National Payments Corporation of India), Flipkart, HDFC Life, Naukri, Ernst & Young, Ola, etc., the quarter has also witnessed the highest salary hike of 400% with a learner bagging an opportunity at the highest salary package of INR 73 Lacs per annum.
Commenting on the results, Mayank Kumar, Co-founder and MD, upGrad said, “We have always aimed at delivering powerful content pedagogy and employment-driven education backed by technology that can foster meaningful career growth for our learners who spend months/years to attain new skillsets and remain relevant in this challenging and ever-evolving market setup. Therefore, our partnership with Rekrut India is further reinforcing our goal and is also strengthening our stature as a global edtech leader who not only drives content but also delivers impactful career outcomes for its learners.”
After delivering a blockbuster quarter, upGrad and Rekrut India now target to deliver 20,000 career transitions, which shall further solidify their position as one of the largest career powerhouses for working professionals in the country.
“We are thrilled to see our learners bag some great job opportunities across the board which marks the onset of a positive recognition online learning is witnessing amongst the employers. 2500 transitions in 3 months, highlights the positive hiring outlook of India Inc and more corporates encouraging upskilled talent, this reaffirms our vision to achieve 20000+ transitions in FY22. upGrad has been producing skilled learners with their excellent course structure and we are further unlocking job opportunities with a wider corporate base to assist our learners to achieve desired career goals. We are happy to be a part of upGrad’s journey and drive successful ROI of education for thousands of youths across the country,” concluded Ajay Shah, Managing Founder, and Husain Tinwala, Co-Founder & Head Placements at Rekrut India, in a joint statement.
In a most recent move, the edtech leader has announced its partnership with EyeWay Vision Ltd, an Israeli company to develop and bring one-of-a-kind immersive augmented reality (AR) for its learners. This shall, further strengthen upGrad’s position as a global higher edtech leader emerging out of the Indian territories.