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Edtech startup upGrad enters test preparation market; Acquires The Gate Academy

Shortpedia

Content Team
Image Credit: shortpedia

Indian edtech startup upGrad has made its foray into the test preparation market by acquiring Bengaluru-based coaching institute The Gate Academy (TGA) for an undisclosed amount. With the acquisition, TGA will operate as a subsidiary of upGrad and will continue with its brand name and Ritesh Raushan will become its CEO. The edtech startup also plans to invest over INR 100 Cr into this test preparation subsidiary.