Ronnie Screwvala-led edtech, upGrad, will buy a 100% stake in Australia’s largest study abroad company, Global Study Partners, for $16 million, marking its first overseas acquisition, the edtech company said in a statement on Monday. upGrad will further invest $10 million in Global Study Partners for its future growth, the company said. upGrad said Global Study Partners’ acquisition will enhance its foray in the ‘study abroad’ segment, which the company claims to be one of the fastest-growing segments worldwide. Global Study Partners, founded in 2015, has a network of more than 600 institutions in western countries like Australia, the UK, Canada and the US. “Global Study Partners' - institutions and recruitment partners - worldwide, will enjoy the benefits that the additional reach and capacity GSP can now deliver, and they can expect significant growth in quality student enrolments," said Elaine Starkey, Founder, Chief Executive Officer, Global Study Partners.

Source: Mint November 30, 2021 03:55 UTC