UpGrad, a platform for higher education, announced on Monday that it will invest $30 million and launch 10 global campuses in the US, India, and other countries the next year.
The firm announced plans to launch three campuses in the US (the San Francisco location will launch in January), five in India (Delhi and Chennai), one in Singapore, and one in the Middle East under the new brand name “UGDX.”
“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,” said Ronnie Screwvala, Co-founder and Chairperson, upGrad.
Currently, the firm has offices in Mumbai, Hyderabad, and Bengaluru.
UpGrad intends to recruit professors around the globe under the umbrella of “UGDX,” and will employ technology to symbiotically join corporates, academic institutions, and campuses in a single ecosystem.
With certifications, bachelor’s, master’s, and doctorate programs in various fields, “UGDX” will focus on AI, machine learning, cybersecurity, Blockchain, linked devices, IoT, quantum computing, digital management, leadership training, and the Cloud.
“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,” said Dr. Dakshinamurthy Kolluru, Founder and CEO, upGrad INSOFE, who will also head the ‘UGDX’.
Over 300 university partners and three million learners use upGrad across more than 100 countries.