Citylife > Press Release
  Home Contact us Add to Favourites
Most Recent Postings
More Press Releses
Featured Sections

Event Finder
A daily roundup of exhibitions, promotions and other events in Dubai and the rest of the Emirates.
Submit an Event
Latest Dubai Press Releases >>


 ~ KnowledgeHut to cross USD 40 million revenue next year with 65% coming from the Middle East, North America, and South-East Asia ~ 
~ KnowledgeHut's target in GCC is to partner in government localization initiatives to upskill 100K+ individuals over the next three years ~ 

August 3, 2021; Dubai, UAE: Aligned with its ambitious international expansion plans, global edtech leader upGrad has announced it has acquired KnowledgeHut, the leading international edtech company with operations in the GCC.
upGrad has earmarked USD 250 million for mergers and acquisitions to drive non-linear growth for the next seven to nine months. Some of these target companies are based in the MENA region. 
With this acquisition, upGrad will have access to KnowledgeHut's global learner pool of 250,000 students. KnowledgeHut - now rebranded as ‘KnowledgeHut, an upGrad company', is expected to cross USD 40 million revenue next year, 65% of which will be from countries across the Middle East, North America, and South-East Asia. upGrad recently announced online learning programs for UAE and Saudi professionals that are designed to accelerate careers and grow regional businesses.
With the acquisition of KnowledgeHut, upGrad is venturing into the short duration upskilling and reskilling segment, which has a market potential of over USD 58 billion. KnowledgeHut, an upGrad company, can now offer learners a scalable and immersive learning model, to upskill and help them drive meaningful career outcomes, through its next-gen flagship learning experience platform, PRISM.
KnowledgeHut started its Middle East operations in 2018 and achieved 250% growth in less than three years of its operations. KnowledgeHut is taking significant steps to become the preferred technology learning partner in an industry, which has close to USD 148 million capacity, including KSA (43%), UAE (28%), Kuwait (11%), Bahrain (3%), Qatar (8%), and Oman (7%).
Aligned with the high priority given to localization initiatives by GCC countries, KnowledgeHut's “Skill to Employ” Bootcamp Program helps young, ambitious individuals become industry-ready professionals, ready to take their place in the competitive technology market. With these programs, fresh university graduates (irrespective of their academic background) boost their employability quotient and industry work readiness. KnowledgeHut's target in GCC is to partner in government localization initiatives to train/enable 100K+ individuals over the next three years and prepare today's youth for tomorrow's world.
Announcing the acquisition, Ronnie Screwvala, Chairperson & Co-Founder of upGrad, said, “With KnowledgeHut on board, our focus on being an integrated LifeLongLearning partner for powering Career Success for the Global 1 billion workforce just got stronger.  KnowledgeHut's presence in 70+ countries will further upGrad's ambition of liberalising quality online education around the world.”
Founded by Subramanyam Reddy in 2011, KnowledgeHut is a leading international edtech company, focused on equipping the global workforce with the skills of the future through outcome-based immersive learning. Post-acquisition, KnowledgeHut will operate as a wholly owned subsidiary of upGrad. Subramanyam Reddy will be at the helm in his new role as the CEO.
Subramanyam Reddy, CEO of KnowledgeHut, an upGrad company, said, “With our focus on short-term professional upskilling, KnowledgeHut is driving outcome-based immersive learning for global technologists and the wider professional community. Given our position in global markets, this synergy with upGrad will further strengthen and support that vision. The acquisition paves the way for upGrad to empower B2B customer segments across geographies including the United States and the Asia Pacific.”
As a leading skills solutions provider, KnowledgeHut has trained over 250,000 professionals and empowered over 500 enterprises to build the skills that drive results, with a product offering of over 200 courses across in-demand areas of Web Development, Machine Learning / AI and Data Science, Agile and Project Management, IT Service Management, Cyber Security and Cloud Computing.


Posted by : GoDubai Editorial Team
Viewed 5318 times
Posted on : Tuesday, August 3, 2021  
Replication or redistribution in whole or in part is expressly prohibited without the prior written consent of GoDubai.com.
Previous Story : Lenovo Research Finds the 3 Steps Businesses Can Take to Innovate Beyond Boundaries
Next Story : MA'AN Opens Applicatons to Its Grants Programme to Help Fund Abu Dhabi Social Enterprises Impacted b...
Email this article Print this article

Share this article with your friends and followers


Back to Top  
Most Viewed Press Release posted in the last 7 days
Max Factor X Priyanka Chopra Jonas: Matte Confidence Look
More Than Half of UAE Residents Affected by Heart Disease
Ministry of Health marks World Patient Safety Day 2021
Major Saudi Aerospace Players to take part at Dubai Airshow 2021
Curly Hair Girls Rejoice! Cult Haircare Brand SASHAPURE Launches in the Middle East
Ogilvy Names Ben Messiaen Chief Client Officer for EMEA
Louis Moinet Moon Race - A Journey through Space
Etihad Stuns Visitors to Mall of the Emirates With 50% Flight Discounts
Block the Gold Rate with Malabar Gold & Diamonds' by Paying just 10% Advance
Oris Big Crown ProPilot Rega Fleet Limited Edition
SEHA Integrates UAE Pass With Its Mobile App and Patient Portal
2021 Green Good DesignTM Award
New Behind-The-Scenes Footage Shows Range Rover Sport SVR Preparing to Make an I...
Sharjah International Award for Refugee Advocacy and Support Calls for Nominatio...
UAE Residents, Visitors and Saudi Citizens Come Together to Celebrate 91st KSA N...
Gulf Youth Sport Expo to Bring Together Leading Industry Experts for Discussions...
Fall in Love with THAT Concept Store's Fall-Winter Collection
Majid Al Futtaim to Hire 3000 Emiratis In response to “NAFIS”
Jaguar Land Rover to Provide Fleet of All Electric Vehicles for World Leaders at...
Peter Rabbit Adventure Zone Hops into Global Village
Hyundai Motor Presents Carbon Neutral Commitment at IAA Mobility 2021
Gastech 2021 Exhibition and Conference Opens as Global Energy Industry Gathers to Set
Guinness World Records 2022 Discover Your World
Mubadala World Tennis Championship Returns to Abu Dhabi With New December Dates
Hirschi Takes Win and Race Lead in Luxembourg
Abu Dhabi University holds Virtual Graduation Ceremony for 2021 Cohort
Combat Dull Skin & Glow From Within!
Hitachi ABB Power Grids to Supply Step-up Transformers for World's Largest Singl...
Abu Dhabi University and the Scholarships Office Sign a Memorandum of Understanding'
Dubai Municipality Wins 10 Categories of International Stevie Awards
Summary of Weekly Real Estate Transactions for the Week Ending 16 September 2021
Dubai Health Authority Opens Registration for Subspecialty Fellowship Programs
Guinness World Records Verifies Oldest Identical Twins Ever
World's First 3D and Eco-Friendly Surface Barrier Launches in the Middle East
Dubai Home Festival Returns With Exciting Mix of Interior Design Inspiration and...
Ajman University and its Faculty Bag Prestigious Global Islamic Finance Awards
QNET Wins Six New Industry Awards for Innovation and Social Impact
SEHA Kidney Center Inaugurates Country's First Renal Training Program for Nurses
Ministry of Health takes part in G20 Health Ministers' Meeting
Throwback to the 60's with CATRICE
Union Coop Emiratization Efforts: More than 72% of Senior Positions Held by Emiratis
UAE Minister Hessa Buhumaid to Lead IGCF Interactive Session on Ways to Boost P...
Why Start at the Age of Three…?
Springdalian Tuvimanyu Gautam wins Best Journalist Award in International Press Corps
HHC to Showcase Success Stories at ADIHEX 2021
HRH Prince Turki Al Faisal is Guest of Honour at International Government Commun...
46 UAE Ministries, Media Houses and Influencers Competing for Prestigious Sharja...
Nigo named Artistic Director of Maison KENZO
World-Renowned TimeVallée makes its Middle East Debut Exclusively at City Centre...
First Victory for Italian in the UAE Team Emirates Jersey as Kristoff podiums in...