Continue reading this on our app for a better experience

Open in App
Home News Funds

Temasek supports lifelong learning with latest investment in edtech company, upGrad

Amala Balakrishner
Amala Balakrishner • 1 min read
Temasek supports lifelong learning with latest investment in edtech company, upGrad
Temasek has invested US$120 million in upGrad
Font Resizer
Share to Whatsapp
Share to Facebook
Share to LinkedIn
Scroll to top
Follow us on Facebook and join our Telegram channel for the latest updates.

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.


SEE:Nanofilm forms JV with Temasek to capture new growth in hydrogen economy

“We welcome Temasek in our mission to power career success for each and every member of the global workforce as their trusted lifelong learning partner and drive meaningful career outcomes,” say upGrad’s co-founders, Ronnie Screwvala, Mayank Kumar and Phalgun Kompalli.

The trio intend to channel these funds into strengthening the upGrad team, scaling its global market operations and pursuing M&A opportunities.

They are also looking to expand their graduate and post-graduate degree portfolio and enhance their technology and product capabilities.

Through these efforts, the upGrad team aims to rake in US$2 billion in revenue by 2026.

×
Loading next article...
The Edge Singapore
Download The Edge Singapore App
Google playApple store play
Keep updated
Follow our social media
© 2024 The Edge Publishing Pte Ltd. All rights reserved.