upGrad raises $40 Mn from World Bank’s IFC at $850 Mn valuation


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Online higher education company upGrad has raised $40 Mn in another funding round from the International Finance Corporation (IFC), a sister organisation of the World Bank. The round has brought down the promoters’ holding in the firm to 75%. Earlier this week, the company had secured $120 Mn in funding from Temasek in the company’s first external funding round. With the recent funding, upGrad is valued at $850 Mn.