Ronnie Screwvala, Temasek pump INR 300 Cr in upGrad
Shortpedia
Content Team
Image Credit: inc42
Edtech major upGrad has raised INR 300 Cr via a rights issue, seven months after it raised $210 Mn (around INR 1,728 Cr) in a funding round in August 2022. In a press statement, upGrad said existing investor Temasek invested INR 81 Cr and upGrad’s cofounder and chairperson Ronnie Screwvala contributed INR 212 Cr. The rest of the rights issue was mopped up by other minority stakeholders.
