UpGrad on Monday said it has raised $120 million in funding from Singapore-based Temasek. The investment, which the company claims to be its first external funding, reportedly values the ed-tech firm at an estimated $575-$675 million. upGrad did not disclose the valuation.
One of South Asia’s largest online higher education companies, upGrad is expected to utilize the funds to set its footprint globally and expand its reach within India.
Rajaram Legal advised
Cyril Amarchand Mangaldas represented
2021-04-27
Deal value: INR 881 crores (USD 120 million)
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