<ul><li>UpGrad co-founder and managing director Mayank Kumar has stepped down to launch a new venture focused on placing skilled Indian labor abroad, especially in healthcare.</li><li>UpGrad is reportedly nearing funding of $50-60 Mn from existing investors at a valuation of $2.25 Bn.</li><li>Co-founder and chairman Ronnie Screwvala will be taking an active role in running UpGrad following Kumar's exit.</li><li>UpGrad offers higher education courses and skilling programs in collaboration with universities and counts Temasek, Murdoch's Lupa Systems, IFC, and IIFL among its investors.</li></ul>

upGrad Cofounder Mayank Kumar Steps Down To Float New Venture

Discover more