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Temasek-backed Indian edtech firm upGrad acquires video-learning solution Impartus

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Mobility Energy and Transportation

Education and Employability

Temasek-backed indian edtech firm upgrad acquires video-learning solution impartus

25 May 2021

1 min read
Mumbai-based online higher education startup upGrad has bought Impartus, a video-learning solutions provider, for INR 150 crore (USD 20.5 million) in a cash and stocks deal.
The development comes three weeks after upGrad raised USD 120 million from Singapore-headquartered Temasek to pursue mergers and acquisitions (M&A) opportunities, expand its graduate and post-graduate degree portfolio in India, and scale its operations globally.
The deal will give an exit to Impartus’s existing investor Kaizen, which had invested USD 4.1 million in the eight-year-old startup in 2015. About INR 50 crore (USD 6.8 million) from the deal proceeds will be used to further scale Impartus this fiscal year.

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Temasek-backed Indian edtech firm upGrad acquires video-learning solution Impartus | PraxisGA