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upgrad udacity deal: Upgrad in talks for $100 million to close US edtech Udacity buy

Upgrad founder Ronnie Screwvala, who owns 22.4% in Upgrad, likely to participate in $100 million round. The company has pitched to external investors for about $50-60 million. The rest would be from existing investors like Temasek. ....

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This film producer teamed up with IIT grads to build Rs 18,690 crore company; man behind Lust Stories has net worth...

One of the leading film producers in the country is also the man behind top edtech platform upGrad, turning it into a billion-dollar venture. ....

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upGrad raises $210 mn in latest round amid funding winter, layoff season

Moreover, the founder group also invested $12.5 million in this round to maintain their over 50 per cent ownership in upGrad. ....

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IFC to invest $40 million in Upgrad; promoters reduce stake to 75%

It had recently secured a USD 120 million funding from Singaporean investor Temasek Holdings,
The equity infusion of USD 160 million in two quick rounds takes the Mumbai-based startup closer to unicorn status, valuing the around six-year-old company at USD 850 million. This is the second external funding for the company.
Upgrad was founded by Ronnie Screwvala, Phalgun Kompalli, Mayank Kumar and Ravijot Chugh in 2015 by investing over Rs 170 crore, most of which was from Screwvala.
The work we do has been well-acknowledged by the USD 160 million funding from two of the very reputed global investors this week USD120 million from Temasek this Monday and USD 40 million from the IFC today. That the International Finance Corporation (IFC) has chosen to invest in us is a big reflection of the work we do, chairman and co-founder Screwvala told PTI on Thursday. ....

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