Friday, April 19, 2024
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Ronnie Screwvala

Byju's declined to comment on the development

Through this collaboration, InCred Finance eyes to showcase its business loan product in a co-branded promotional campaign

The company plans to set up three medical institutes in the region.

The funds will be used to support the company's growth across multiple verticals of formal education and expand its ESOP pool

The development came at a time when upGrad is trying to take cost-cutting measures to keep its business on a profitability track

Founded in 2018, the edtech was acquired by Ronnie Screwvala led upGrad in July 2022 for Rs 300 crore

The company aims to take Indian edtech global by creating the world’s largest Institute in emerging technologies

Founded in 2019 by Sahil Sheth, the company offers live online classes to children from KG to Class 9 for Maths, Science, English, and Coding

She will accelerate the edtech brand's international footprint and support expansion plans across the APAC, EMEA and US regions

Founders Ronnie Screwvala and Mayank Kumar also invested $12.5 million in this round to maintain their over 50 per cent ownership in the edtech