Temasek backs Ronnie Screwvala's upGrad; invests $120 million

Updated : Apr 27, 2021 12:08
|
Editorji News Desk

Ronnie Screwvala's upGrad is upscaling its investor portfolio to be the next unicorn in the edtech world. Singapore-based investment company Temasek has invested $120 million into the six-year-old learning platform, the first external funding since its debut. Valuation for the start-up was not disclosed but Bloomberg quoted co-founder Ronnie Screwvala saying “We are not quite a unicorn but we’ll get there soon”. In the edtech space, Byjus and Unacademy have already achieved the unicorn status. 

edtechronnie screwvala

Recommended For You

editorji | Business

Repo rate today at 5.25%: how long an RBI decision takes to reach your home loan interest rate

editorji | Business

Step-by-step guide to apply for a mortgage loan online with minimal documentation

editorji | Business

Honda Activa 6G: Everything You Need to Know Before Buying

editorji | Business

How much does a ULIP plan really cost? A break-down of all charges

editorji | Business

Centre plans to borrow Rs 8.20 lakh cr from market in first half of FY27