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upGrad raises $210 mn funding, eyes acquisitions in US, Southeast Asia

The funding has helped the firm double its valuation to $2.25 billion

upGrad founders Phalgun Kompalli, Mayank Kumar and Ronnie Screwvala
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(From left) upGrad founders Phalgun Kompalli, Mayank Kumar and Ronnie Screwvala

Peerzada Abrar Bengaluru
Ronnie Screwvala-led edtech unicorn upGrad said it has raised a funding of $210 million from marquee investors and Family Offices who join the company cap-table.

This round has witnessed participation from ETS Global (world’s largest TOEFL & GRE Test Leader), Bodhi Tree (a JV of James Murdoch & Uday Shankar), Singapore's Kaizen Management Advisors Pvt. Ltd, Family office of Bharti Airtel, Narotam Sekhsaria Family Office (Ambuja Cements and ACC), and Artian Investments (Family Office of Lakshmi Mittal - ArcelorMittal) along with existing investors Temasek, IFC and IIFL. 

The funding has helped the firm double its valuation to $2.25 billion, according to the