UpGrad, a key player in edtech, has announced the launch of its new brand UGDX, which plans to open 10 institutes in the coming year. The $30 million new brand, headed by Ronnie Screwvala, will concentrate on cutting-edge digital technologies. According to information provided by the corporation, three institutes will be established in the US, with the San Francisco branch opening in January 2023.
In addition to its current facilities in Mumbai, Hyderabad, and Bangalore, there are plans to open five institutes in Delhi and Chennai. There are plans to open two other institutes in Singapore and the Middle East.
The business has stated that INSOFE, its recently acquired offline institute focused on data science, AI, and ML, is supporting the recently launched unit UGDX. Around 1,000 PhD researchers will be employed by upGrad, and they will be responsible for teaching specialised subjects to students worldwide.
According to specifics, UGDX plans to focus on courses in digital management, leadership, linked devices, IoT, cybersecurity, blockchain, and artificial intelligence. In the aforementioned fields, the institute will provide certificate programmes, bachelor's, master's, and doctoral programmes.
This is a logical extension as they move to a very scaled blended offline and online model under the upGrad brand, according to Ronnie Screwvala, Co-founder and Chairperson, upGrad. "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 years to over 60 years, this is a natural extension," he added.
The higher education start-up upGrad has started an offline growth despite the ongoing difficulties in edtech. Ten campuses will be launched under the new 'UGDX' name by the Ronnie Screwvala-led organisation next year, with a $30 million investment. The International School of Engineering (INSOFE), a centre for data science, artificial intelligence, and machine learning that upGrad purchased in May for $33 million, is driving this offline expansion. Three of the ten institutes—the first of which debuts in San Francisco in January 2023—would be located in the US. In addition to the INSOFE facilities now located in Mumbai, Hyderabad, and Bangalore, other campuses would be built in Delhi, Chennai, Singapore, and the Middle East.