upGrad to Raise $34 Million in Debt Funding from EvolutionX
06/29/24, 1:16 AM
Location
Money raised
$34 million
Investors
Evolution X
upGrad, led by Ronnie Screwvala, is set to raise INR 287.5 crore ($34.4 million) in debt funding from EvolutionX Debt Capital to fuel its growth capital, cover operating expenses, and support general corporate needs. The funding round aims to strengthen upGrad’s financial position and expand its educational offerings.
Company Info
Location
mumbai, maharashtra, india
Additional Info
upGrad is a pioneer in the online education revolution, changing the lives of millions for the better by “Powering career success for every member of the global workforce as their trusted lifelong learning partner.” Co-Founded by one of the world’s most impactful entrepreneurs, Ronnie Screwvala along with Mayank Kumar and Phalgun Kompalli, upGrad has impacted over 1 million total registered learners over 50+ countries.
upGrad, Asia’s higher EdTech leader, uniquely drives deep learning for the real world, by creating original content harnessing industry experts across the globe and offers learners a hyper-personalized, comprehensive one stop solution, combining the power of its proprietary AI driven technology platform with its army of counsellors who handhold learners for the entire duration of their course.
To provide the best university quality education, upGrad brings together the world’s leading universities, faculty & industry experts on an integrated digital platform, delivering an immersive experience with full flexibility to study at one’s own pace. upGrad’s ever expanding roster of leading global universities include Duke Corporate Education (US), Michigan State University (US), Liverpool John Moores University (UK), Deakin Business School (Australia), Swiss School of Business Management, (Geneva), IIT Madras (India), IIM Kozhikode (India).
upGrad’s alumni base is employed by blue chip organizations like Gojek, PayTM, Gartner, Flipkart (Walmart-acquired), Accenture, and E&Y. upGrad is #1, LinkedIn Top Startups India 2020 and is in Top 50 of the FT Asia-Pacific High-Growth Companies 2021 and the GSV Global EdTech 50.