upGrad raises Rs 300 cr from Ronnie Screwvala, Temasek, others in an internal funding round
Summary
upGrad, on the other hand, is an Indian edtech company which operates out of 31 offices located in India, USA, UK, Middle East, Singapore & Vietnam. An upGrad spokesperson confirmed the development and said, The company is focused on its organic and in-organic growth across multiple verticals of formal education via degree, diploma and doctorate courses in partnership with the best universities in India and globally." The spokesperson also said that the firm is focused on a large segment of skilling, short-certification courses, bootcamps and job-linked programs coupled with the fast-growing sector of students wanting to study abroad. In August last year, the Mumbai-based company raised $210 million in a round that saw participation from ETS Global, Bodhi Tree, Kaizen Management Advisors and others. The company announced in November its plans to earmark $30 million for offline expansion as well as to open 10 new campuses in 2023.