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Screwvala declined to comment on the details during an interaction with ET. “We are not a unicorn yet. But we are not too far behind,” he said.
Screwvala, who founded UTV Motion Pictures in the 1990s which was later acquired by Walt Disney Company, has so far ploughed about $25 million of his own capital in upGrad since it was founded.
Apart from Screwvala, upGrad’s founding team includes Mayank Kumar and Phalgun Kompalli.
The online education segment, both K-12 and higher education, has seen a large rush of risk capital following the Covid-19 epidemic. ....

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