InvestorQ : Is it true that the start-up company Upgrad is raising external funding for first time?
Chandralekha Desai made post

Is it true that the start-up company Upgrad is raising external funding for first time?

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NISHA Nayak answered.
1 week ago
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Upgrad is an online higher education company that is backed by Ronnie Screwvala of UTV fame. For the first time since its inception in 2015, Upgrad will raise $120 million from Singapore based Temasek. Till now, the company has been entirely boot-strapped and has not relied on any external funding support.

Upgrad proposes to use the fresh capital infusion to strengthen its team mix and scale up global market operations. Like other education players like Byju’s and Vedantu, Upgrad will also look to inorganic growth opportunities. Like other learning companies, Upgrad is one of the big business beneficiaries post the pandemic and changed learning paradigm.
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