DATE OF ANNOUNCEMENT: 29 March 2023
COMPANY'S LEGAL :Upgrad Education Private Limited
- FOUNDERS
upGrad was founded in 2015 by Ronnie Screwvala, Mayank Kumar, and Phalgun Kompalli with a view to impact the lives of working professionals by helping them upskill while they work
FUNDING TILL DATE: $555 Mn USD
TYPES OF FUNDING:Series C
VALUATION : Not disclosed
INVESTORS:
The Upgrade has 10 investors and it’s recent investors includes Temasek and Ronnie Screwvala.
- COMPANY BUSINESS:
- upGrad offers education programs in Data Science, Software and Technology, Management, Law, and other categories where upskilling is both critical and rewarding
- Each of these programs that upGrad offers is in collaboration with one of the world’s top universities such as IIT Madras, Duke CE, Deakin University, Liverpool John Moores University, etc.
- For example, you can signup with upGrad for an MBA from Golden Gate University or Deakin Business School, or a globally recognised Master's in Data Science from Liverpool John Moores University.
- The high standards set by upGrad and their partner universities reflect in the results. upGrad Results reviewed by Deloitte show that 5 out of 6 learners get positive career growth. upGrad students get an average of 52% salary hike after completing their MBA programs.
- This edtech giant was on an acquisition spree, picking up Work Better, Exampur, International School of Engineering (INSOFE), and Harappa Education, among others, during the year.
- The company operates out of 31 offices across India, the United States, the United Kingdom, Singapore, Vietnam and West Asia, runs on skilling, short-certification courses, bootcamps and job-linked programmes, as well as study-abroad businesses across its acquired and main subsidiaries.
- With over 300 direct global university partners, over 20,000 recruitment partners, and a clientele of 3,000 corporate partners, upGrad claims to have provided learning to over 7 million candidates in more than 100 countries.
- COMMENTS ON LATEST FUNDING:
COMPANY'S VIEW:
A Official from upGrad said on recent funding , “Yes, we confirm the internal round. The company is focused on its organic and in-organic growth across multiple verticals of formal education via degree, diploma and doctorate courses in partnership with the best universities in India and globally.”
INVESTORS VIEW:
No Comments
PURPOSE OF FUNDING :The latest funding will be used to to expand into new categories and plans to launch new courses
COMPETITORS:
Its competitors include Udemy Business, LinkedIn Learning, Udacity and Pluralsight Skills
Source:
Economics times, crunchbase, Inc