Profitability will further be driven by the "top-up and tank-up" phenomena for the firm, he said, as more professionals in India look to acquire additional skills, and international customers, most notably in the North American market, look to upskill and gain a competitive edge.
The firm, which doubled its revenues in FY24 over FY23 is looking at a growth of 35%-40% CAGR in future, though growth in the year ending March 2025 will be lower. "We wanted to swing completely to everything being profitable. We wanted to see that anything that was too much of a burn for us to get growth, we will not do it," Screwvala said.
This includes dialing back on the university-led education vertical where the ed-tech firm gets 70% margins as compared to the non-university-led modules where margins can be upwards of 90%, he added. Currently, 40% of upGrad's total revenue comes from university-dependent programmes.
Top-up and tank-up
In the non-university programmes, upGrad sees a clear play for upskilling courses, especially competitive job markets abroad, and the enterprise segment in India.
Denne historien er fra January 03, 2025-utgaven av Financial Express Mumbai.
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Denne historien er fra January 03, 2025-utgaven av Financial Express Mumbai.
Start din 7-dagers gratis prøveperiode på Magzter GOLD for å få tilgang til tusenvis av utvalgte premiumhistorier og 9000+ magasiner og aviser.
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Manmohan Singh's family approves site for his memorial
THE FAMILY OF late Prime Minister Manmohan Singh has given the government its written approval for his memorial on a 900 sq m plot in the middle of the complex of samadhis called the Rashtriya Smriti Sthal near Delhi's Raj Ghat.
Green investments may be hindered by unsold projects
A GROWING NUMBER of planned renewable projects in the country are failing to secure prospective power buyers, threatening green energy goals, according to the Institute for Energy Economics and Financial Analysis.
Airtel-Tata Play merger aims to challenge Jio's dominance
Will boost premium customer base and reduce churn
Auto sales skid in February on poor demand, high inventory
NEW VEHICLE REGISTRATIONS recorded the steepest fall in two months in February led by weakness seen in passenger vehicles (PVs) and in the two-wheeler segment. Poor consumer sentiments, tightened lending norms and reduced discounts impacted retail numbers.
Walmart Asks China Suppliers For Price Cuts
WALMART HAS ASKED some Chinese suppliers for major price reductions, with the US retail giant's efforts to shift the burden of President Donald Trump's tariffs facing strong pushback from firms in the Asian nation, according to people familiar with the matter.
SUC waiver likely for telcos
THE GOVERNMENT IS considering a proposal to waive outstanding spectrum usage charges (SUC) for telecom operators on airwaves acquired before the 2022 auctions, sources said.
Will protect interest of exporters in trade talks with US: FM
WITH THE DONALD TRUMP administration threatening to impose reciprocal tariffs from April 2, finance minister Nirmala Sitharaman on Thursday said that commerce minister Piyush Goyal, who is currently in the US for bilateral talks, will seek to protect Indian exporters' interest.
Taxpayers Declare Foreign Assets Worth ₹29,000 Cr
Declarations Come After CBDT Rolled Out Awareness Campaign
Govt Offloads 3 MT Wheat in Market in FY25
The government's market intervention through the sale of surplus wheat stock in the open market for the current fiscal has come to an end, with the Food Corporation of India (FCI) offloading 3 million tonnes (MT) of the grain.
Made-in-India GPUs in 3-4 yrs
Country will be among top 5 tech nations: Vaishnaw
