New Delhi, Dec. 3 -- Temasek-backed edtech major upGrad narrowed its losses and recorded modest revenue growth in FY25, the company's statutory disclosures showed.

Consolidated revenue rose 5.5% to Rs.1,569.3 crore in FY25, up from Rs.1,487.6 crore in FY24, upGrad's filing with the Registrar of Companies (RoC) showed. The improvement was led by a sharp reduction in spending, as the company prioritizes profitability ahead of an earlier stated goal to list in the public markets around mid-2026.

Net loss shrank 51% to Rs.273.7 crore, compared to Rs.559.9 crore in FY24. upGrad is also inching towards operational profitability, as its consolidated operating loss (Ebitda) fell to Rs.65.4 crore in FY25, down nearly 81% from Rs.344 crore in the...