Temasek invests USD 120 million in upGrad as online education continues to thrive in India

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Temasek invests usd 120 million in upgrad as online education continues to thrive in india

27 Apr 2021

1 min read

Similar to last year’s funding deluge in edtech companies due to the unprecedented rise in the adoption of online learning during COVID-19-induced lockdown, investors continue to write checks for edtech startups as India struggles with the second wave of novel coronavirus in 2021.

Mumbai-based higher education startup upGrad, which offers upskilling courses for students and working professionals, said Monday it has raised USD 120 million from Singapore-headquartered Temasek.

Founded in 2015 by veteran entrepreneur Ronnie Screwvala, Mayank Kumar, and Phalgun Kompalli, upGrad had been bootstrapped by the co-founders so far. This is the first venture capital raised by the edtech major.

The full article was originally published on Kr Asia

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Temasek invests USD 120 million in upGrad as online education continues to thrive in India | PraxisGA