Indian edtech firm Upgrad raises $255 million in fresh funding

Oluwajuwonlo Afolabi -

Upgrad, an edtech firm focusing on higher education learning and upskilling has raised $255 million in its new funding round, at a $2.25 billion valuation.

  • The firm offers educational services including study abroad test prep, undergrad degrees to campus in 250 universities, and courses in law, business, finance, and software.
  • It targets $500 million in gross revenue for FY 2023.
  • Lupa Systems LLC, the US testing and assessment provider (ETS), the office of Lakshmi Mittal, Sunil Bharti Mittal, and Temasek Holdings participated in the round.