Mumbai: Integrated skilling and workforce development company upGrad today announced the acquisition of early-talent marketplace Internshala for an undisclosed amount in a 90% stock-swap transaction.
With this move, Internshala further strengthens its position as a key platform connecting students and employers at scale.
The acquisition enhances upGrad’s position across the full career lifecycle – seamlessly connecting education, skilling, and employment through Internshala.
Founded in 2010, Internshala has built a robust community of over 34 million registered users and 450,000 employers, with approximately 3 million active applicants annually. The company continues to witness predominantly organic traffic and serves students across India, including more than 40% from Tier 2 and Tier 3 markets.
With the integration of Internshala into its broader ecosystem, upGrad reinforces its commitment to building structured pathways for learners and employers.
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The early-talent marketplace enables students to discover internships, develop job-ready skills, and transition into full-time roles more efficiently.
To accelerate this growth, upGrad will invest additional resources to scale Internshala’s product innovation, AI-led talent matching capabilities, and enterprise hiring models.
Internshala currently operates at a ₹45 crore revenue base, and upGrad aims to scale this to ₹100 crore and beyond, leveraging technology integration and expanded market access.
Commenting on the acquisition, Chirag Samdaria, Head – Corporate Strategy & Growth, upGrad, said: “Education and employment in India have operated in silos for too long. This acquisition allows us to strengthen the earliest layer of the career journey – where intent is highest and outcomes can be meaningful. By bridging work opportunities with structured skilling, we are building a more aligned talent ecosystem for both learners and employers.”
Internshala Acquisition to Amplify Impact
Internshala will continue to function as an independent brand, led by Founder & CEO Sarvesh Agrawal.
Under this structure, the company will leverage upGrad’s scale, technology, and learning ecosystem to expand its offerings and deepen its national footprint.
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Adding to this, Sarvesh Agrawal stated: “This is a very natural partnership where learning meets opportunity. In the last 15 years, the early-talent marketplace has democratized career start for students.
Joining hands with upGrad will allow us to amplify our impact by skilling millions of candidates, offer pre-trained talent to companies at scale, and together become the default launchpad for every graduate’s career.”
Investec acted as the exclusive financial advisor to Internshala in this transaction.
The acquisition of Internshala marks a significant milestone in upGrad’s mission to power India’s skilling economy by aligning career-focused education with employment pathways.
Through the early-talent marketplace and upGrad’s skilling ecosystem, the combined platform aims to support millions of learners and organizations with structured, outcome-driven career opportunities.
