Tuesday, December 06, 2022
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Upgrad

The Mumbai-based edtech start-up is also planning to strengthen its business in multiple states across the country

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

Early-stage deals contributed around 21 per cent of the total funding by value in Q3 CY22 compared to 12 per cent in Q2 CY22, showing that there is significant dry powder in the Indian start-up ecosystem

Exuding confidence about edtech being the biggest growth story for the next five years, Krishna still claims to be No. 2 in the K-12 segment and rubbishes media reports about layoffs

Without disclosing financial details of the acquisition, upGrad said Centum is expected to clock a revenue of Rs 170 crore in the financial year 2023

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

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