upGrad, which is into on-line expertise for greater schooling has acquired 100% stake in Rekrut India, a recruitment and staffing options firm for an unspecified quantity. “Rekrut will now open the floodgate of career opportunities for upGrad learners.
“This move is integrally aligned with our company’s vision of powering career success for every member of the global workforce as their trusted lifelong learning partner,” upGrad co-founders Ronnie Screwvala, Mayank Kumar and Phalgun Kompalli stated in an announcement.
Post the acquisition, Rekrut India will function independently, with Ajay Shah persevering with because the Managing Director. “Given the massive potential of the recruitment sector, which in itself is a ₹15,000-crore market, upGrad firmly believes an independent business in this sector will provide strong non-linear growth opportunities for the edtech major,” upGrad stated in an announcement.