upGrad to invest $30Mn to set up 10 global campuses
By MYBRANDBOOK
Edtech start-up upGrad will be investing $30 million to open 10 campuses next year under its new ‘UGDX’ brand. This offline expansion is being led by the International School of Engineering (INSOFE), a Data Science, AI, ML-focused institute which upGrad had acquired in May.
Out of the 10 institutes, three would be in the US, the first of which will open in San Francisco in early next year. Other campuses would come up in Delhi and Chennai (to add to INSOFE’s existing facilities in Mumbai, Hyderabad and Bangalore), and one each in Singapore and the Middle East.
Under ‘UGDX’, upGrad plans to have faculty recruitments in various geographies and will use technology to seamlessly integrate campuses, faculty, and corporates within one ecosystem. ‘UGDX’ recently acquired data science, AI, ML-focused offline institute INSOFE.
‘UGDX’ will specialise in AI, machine learning, cybersecurity, Blockchain, connected devices, IoT, quantum computing, digital management, leadership courses and the Cloud, and will offer certificates, bachelor’s, master’s and doctoral programmes in these areas.
Ronnie Screwvala, Co-founder and Chairperson of upGrad, said, “As part of our goal to be the world’s first and largest fully integrated higher edtech company spanning college learners and working professionals from the age of 18 to 60+ years, this is a natural extension as we move to a very scaled blended offline and online model under our own upGrad brand.”
Dr Dakshinamurthy Kolluru, Founder and CEO, upGrad INSOFE, said, “Rich engagements with industry connections will also enable our learners with real-world experiences from day one. All our programs have at least twice the number of capstones and project work compared to traditional programs.” He will also head the ‘UGDX’.
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