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upGrad raises $120 Mn from Temasek In First External Funding Round

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Indian online higher education company upGrad has raised $120 Mn from Temasek, a global investment company headquartered in Singapore. This is the edtech company’s first external equity funding round since being founded in 2015. The company will use the funds to scale its operations in international markets, pursue mergers and acquisitions in the edtech space and expand its graduate and