Temasek Holdings has just put forth a US$120 million ($159 million) investment in higher education company, upGrad.

upGrad is an online platform that offers over 100 courses in collaboration with universities such as the Michigan State University in the US, the Swiss School of Business Management in Geneva and IIT Madras and IIM Kozhikode in India.

This marks the first external funding received by the platform, which has been fully owned and funded by its founders since its inception in 2015.

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