EdTech firm upGrad surpasses ₹2,000 crore revenue milestone in FY26

EdTech company upGrad has achieved a major financial milestone by surpassing ₹2,000 crore in gross revenue for FY26, marking substantial growth in India's competitive online education sector. The platform, which offers skill development and degree programmes across multiple domains, has demonstrated resilience and scalability in a market increasingly focused on cost-effective learning solutions.

The company's profitability metrics have improved substantially, with EBITDA expanding eightfold to ₹123 crore during the same period. This significant expansion in earnings before interest, taxes, depreciation, and amortisation indicates that upGrad's operational leverage has strengthened as the company has scaled its user base and optimised its cost structure.

The financial performance underscores the growing demand for digital learning platforms in India, where working professionals and students continue to seek affordable, flexible alternatives to traditional educational institutions. upGrad's diversified portfolio spanning programming, data science, business management, and professional certifications has positioned it to capture multiple segments within the expanding online education market.

The company's trajectory reflects broader trends in India's edtech sector, where several platforms have achieved profitability following years of heavy investment in user acquisition and content development. upGrad's revenue and profitability growth suggests the company has successfully balanced expansion with financial discipline, a combination that remains elusive for many competitors in the space.