India’s Edtech Unicorn UpGrad Raises $225 Million in Funding, Doubles Valuation
UpGrad Education Pvt, founded by Ronnie Screwvala, increased its valuation to $2.25 billion in the round that included billionaire James Murdoch’s Lupa Systems LLC and US testing and assessment provider Educational Testing Service.
An education technology unicorn built by a cable TV-era entrepreneur almost doubled its valuation after raising $225 million in fresh funding, balking a frosty global venture capital environment.
India’s UpGrad Education Pvt, founded by Ronnie Screwvala, increased its valuation to $2.25 billion in the round that included billionaire James Murdoch’s Lupa Systems LLC and US testing and assessment provider Educational Testing Service, according to a person familiar with the deal.
Photo courtesy of Alireza Attari.
Source: Economic Times (link opens in a new window)
- Categories
- Education, Technology
- Tags
- edtech, venture capital
