upGrad announces not-for-profit foundation, sets Rs 50 crore corpus fund

upGrad, one of the major edtech companies born in India, announced on Monday the formation of its philanthropic and non-profit division, upGrad Foundation.

The foundation aims to focus on various sections of working professionals, including first-generation students, women returning to staff, and many in public service as the armed forces.

Ronnie Screwvala, chairman and co-founder, upGrad, told indianexpress.com, “The foundation’s goal would be to do everything the edtech platform can not do. From scholarships to subsidized courses in education and training , the goal is to make learning affordable and accessible for everyone. ”

The foundation’s goals include teacher training, mentoring and coaching, career guidance, scholarships, internships, and online student exchange programs. upGrad has invested a corpus fund of Rs 50 crore.

“Lifelong learning, education and career improvements can no longer be the right of only those who can afford it. Online learning has changed the perspective of all working professionals around the world and how they view career improvements. Therefore, the theme will be of the foundation of affordability, accessibility and awareness for anyone with growing aspirations, help to adopt, guide and train on a large scale, “added Screwvala.

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