Advertisement

Edtech unicorn upGrad raises $210 million

The firm aims to strengthen its team from 4,800 to 7,600 in the next three months, which will include 170 full-time faculty, 1,600 teachers, and over 5,000 on-contract coaches.
Listen to this story

Edtech startup upGrad has raised $210 million in its latest round from ETS Global, Bodhi Tree, and Singapore’s Kaizen Management Advisors. To maintain over 50% ownership, the founder group has invested $12.5 million in the startup. 

The family office of Bharti Airtel, Narotam Sekhsaria, and Lakshmi Mittal’s Artisan Investments took part in the round, along with existing investors Temasek, IFC, and IIFL. 

The firm aims to strengthen its team from 4,800 to 7,600 in the next three months, which will include 170 full-time faculty, 1,600 teachers, and over 5,000 on-contract coaches. 

THE BELAMY

Sign up for your weekly dose of what's up in emerging technology.

Commenting on the funding in a joint statement, the co-founders said, “Higher edtech will be on the rise for the next 4 to 5 decades. upGrad, in the past 12 months, has re-shaped itself to be the most integrated company in this space with career opportunities for college-goers and working professionals from the age of 18 to 58 and will be a lifelong learning partner for millions in the coming years. We have always been capital efficient while growing 100% year-on-year, and hope to retain that discipline.” 

Established in 2015 by Ronnie Screwvala, Mayank Kumar, and Phalgun Kompalli, upGrad has a learner base of over 3 million across 100 countries, along with 300 university partners. 


Download our Mobile App



More Great AIM Stories

Bhuvana Kamath
I am fascinated by technology and AI’s implementation in today’s dynamic world. Being a technophile, I am keen on exploring the ever-evolving trends around applied science and innovation.

AIM Upcoming Events

Regular Passes expire on 3rd Mar

Conference, in-person (Bangalore)
Rising 2023 | Women in Tech Conference
16-17th Mar, 2023

Early Bird Passes expire on 17th Feb

Conference, in-person (Bangalore)
Data Engineering Summit (DES) 2023
27-28th Apr, 2023

Conference, Virtual
Deep Learning DevCon 2023
27 May, 2023

3 Ways to Join our Community

Telegram group

Discover special offers, top stories, upcoming events, and more.

Discord Server

Stay Connected with a larger ecosystem of data science and ML Professionals

Subscribe to our Daily newsletter

Get our daily awesome stories & videos in your inbox
AIM TOP STORIES