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upGrad Nets Additional $60 Mn From Temasek

  • Edtech unicorn upGrad has raised an additional $60 Mn from Temasek at a flat valuation of $2.25 Bn.
  • Founder and chairman Ronnie Screwvala has acquired Bharti Enterprises' stake in upGrad for $20 Mn.
  • Ronnie Screwvala now owns a 45% stake in upGrad and plans to take the company public within the next 7-8 quarters.
  • upGrad offers higher education courses and skilling programs in collaboration with universities and counts Temasek, Lupa Systems, IFC, and IIFL among its investors.

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