upGrad Raises A Total Of $185Mn At The Valuation Of $1.2Bn

Doubles in valuation in 60 days from the first fundraiser; Reports claim in advanced talks for a $ 400 Million fundraise at a valuation of $ 4 Billion

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upGrad has turned a unicorn as it closes a series of raises from Temasek, IFC (International Finance Corporation, a sister organisation of the World Bank and member of the World Bank Group), and IIFL. It has raised a total of USD 185 Million at a value of USD 1.2 Billion.

The edtech leader has always been promoter-funded with the founder group still owning 70 per cent plus in the company. Recent reports suggest the company is in advanced talks for a USD 400 Million fundraise at a valuation of USD 4 Billion, and so this milestone of unicorn is just a path to the larger mission of the global edtech major -upGrad.

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