India, Feb. 26 -- Edtech major upGrad has acquired a 90% stake in internship marketplace Internshala via stock swap transactions for an undisclosed amount. While the firm didn't disclose the deal's value, the round reportedly valued Internshala at Rs.100 Cr.

With the acquisition, upGrad aims to fuse early employment with its skilling and higher education focused platform, providing services for the full career lifecycle.

Internshala will continue to operate as an independent entity while leveraging upGrad's technology expertise and ecosystem positioning in the edtech space.

"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 beco...