upGrad revenue FY26: ₹1,687 Cr, net loss ₹131 Cr
upGrad cuts FY26 net loss nearly in half
By Abha Lohia ·
upGrad revenue
upGrad reported revenue of ₹1,687 Cr in FY26, with a net loss of ₹131 Cr. Reported 20 October 2026.
| Revenue (FY26) | ₹1,687 Cr |
|---|---|
| Net loss (FY26) | ₹131 Cr |
upGrad: revenue, valuation and funding and every story →
- UpGrad is a Bengaluru-based online platform for higher education and upskilling, led by chairperson Ronnie Screwvala
- Its consolidated net loss narrowed to ₹131 crore in FY26 from ₹274 crore a year earlier, helped by lower spending
- Revenue from operations grew 7.5% to ₹1,687 crore, up from ₹1,569 crore, based on accounts filed with the company registrar
What happened
- Consolidated net loss fell to ₹131 crore in FY26.
- The year before, the loss was ₹274 crore.
- Revenue from operations rose 7.5% to ₹1,687 crore.
- Lower expenses drove the better result.
- Figures come from audited accounts filed with the registrar.
Why it matters
- Shows an edtech firm getting closer to breaking even.
- Revenue growth was modest, so cost control did most of the work.
- Loss halving is a sign of tighter operations.
The business
- upGrad offers online degrees and upskilling courses.
- It is based in Bengaluru.
The founders
In numbers
₹131 CrNet loss · FY26
₹1,687 CrRevenue from operations · FY26
₹274 CrNet loss · FY25
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