A Story of Resilience and Growth
The company achieved $118 million in revenue for the fiscal year, marking a strong 23% increase from the previous year. This milestone underscores Great Learning's ability to thrive amidst industry-wide struggles for profitability.
Back to Independent Ownership
Originally acquired by BYJU'S in 2021, Great Learning returned to independent ownership in October 2023. Despite this change and market conditions, it maintained profitability and positive EBITDA.
What Drives Their Success?
Founded in 2013, Great Learning specializes in upskilling professionals through online courses in data science, AI, and digital marketing. These programs are developed in partnership with prestigious institutions like IIT Bombay and Duke University.
Contrasting the Landscape
CEO Mohan Lakhamraju attributes growth to sustained demand for skill-building programs despite tough macroeconomic conditions. This performance contrasts with other Indian edtech giants like Unacademy and Aakash, which have faced significant downsizing.
Charting a Global Path
Great Learning plans to expand its upskilling solutions and international presence. Their success reinforces investor confidence in sustainable and profitable ventures within the edtech sector.
