It’s a balmy afternoon in March when we meet Ronnie Screwvala at his South Bombay office. News is just trickling in that Byju’s has relinquished all its office space and asked employees to work from home until further notice.
Screwvala, who’s been extraordinarily candid about his views on the embattled edtech thus far, takes a sip off his coffee, smirks briefly, and remarks, “When people don’t have a plan, it seems like they themselves are in kindergarten—the segment they serve. These K-12 guys effed up the market by overspending on cricket and whatever else. They need to grow up.”
And just like that, we’re on.
As a serial entrepreneur, philanthropist, “accidental” investor, author, and film producer, Screwvala has traversed a spectrum of sectors—successfully and influentially—over the last four decades. In his current avatar, he runs upGrad, an edtech unicorn in the upskilling and workforce development space. The company’s revenues have surged over 95% in the last four fiscals, but its net losses have widened too. In the year ended March 2023 (FY23), its losses jumped 76% to Rs 1,142 crore.
“Now, after doing B2C for 5-7 years, we can go to B2B much more easily. We’re already the largest enterprise learning player in skilling and workforce development in India today. And 20% of our total revenue in FY24 is coming from non-India markets,” he shares.
This is a premium article and available only to subscribers.
What you get

Premium In-Depth Stories
5 articles every week

Archives
>3 years of archives

Newsletter
5 every week

Gifting Credit
5 premium articles every month

Visual Infographics
1 every week

Sessions
3 screens Concurrently
Most Popular

Have a coupon code?
Access unlimited content at a special discounted rate. Trusted by top VC’s and leading organizations, we provide bulk subscriptions for groups of 30+. Contact us for more details
Top educational institutions have collaborated with us for campus-wide subscriptions. For bulk campus-wide access, please get in touch.
Got a tip? If you have a lead we should be chasing at The CapTable, write to us at tips@the-captable.com
Join our community of 100,000+ top executives, VCs, entrepreneurs, and brightest student minds










Convinced that The Captable stories and insights
will give you the edge?
Convinced that The Captable stories
and insights will give you the edge?
Subscribe Now
Sign Up Now