Ronnie Screwvala’s edtech unicorn upGrad raised $210 million in funding from ETS Global, Bodhi Tree, and Kaizen Management Advisors, with participation from Bharti Airtel family offices, Narotam Sekhsaria (Ambuja Cements), and Artisan Investments (Lakshmi Mittal), as well as current investors Temasek, IFC, and IIFL. When it comes to offering professional development courses to working adults and college students, Unacademy competes with Coursera, Simplilearn, and Udemy. UpGrad professes to be bullish, noting a course completion rate of more than 80%, even as offices and institutions open and the segment declines. It asserts that 40% of the business’s overall revenue comes from return and reference customers. It should be emphasised that upGrad plans to increase the number of employees from 4,800 to 7,600. Additionally, it will hire 1,600+ teachers, 170+ full-time professors, and more than 5K coaches and mentors on a contract basis.
upGrad raised $210 million in funds from ETS Global, Bodhi Tree and Kaizen Management Advisors
