upGrad Unicorn
upGrad is a Mumbai-headquartered online higher-education and workforce-skilling platform offering certifications, bootcamps, and university-partnered degree/executive programs to individual learners, alongside a separate Enterprise division providing corporate learning, talent transformation, and staffing/recruitment services to businesses.
upGrad: Funding Rounds
| Date | Round | Amount | Investors | Source |
|---|---|---|---|---|
| 20 May 2026 | Venture Round | Rs 361 crore (~$38 million) | Ronnie Screwvala 360 ONE Opportunities Fund International Finance Corporation (IFC) Temasek | source |
| 22 Oct 2024 | Series F (Temasek + secondary) | $60 million primary (Temasek) + $20 million secondary (Screwvala buyout of Bharti Enterprises' 1% stake) = $80 million total round | Temasek | source |
| 29 Mar 2023 | Internal Round | Rs 300 crore | Ronnie Screwvala Temasek | source |
| 9 Aug 2021 | Venture Round (Unicorn round) | $185 million | Temasek IIFL International Finance Corporation (IFC) | source |
| 30 Apr 2021 | Venture Round (IFC) | $40 million | International Finance Corporation (IFC) | source |
| 26 Apr 2021 | Venture Round (Temasek, first tranche) | $120 million | Temasek | source |
Acquisitions
| Date | Acquirer | Acquired | Amount | Source |
|---|---|---|---|---|
| 19 Mar 2026 | upGrad | Unacademy | 100% all-stock share swap; term sheet signed, deal not yet closed at time of announcement | source |
| 26 Feb 2026 | upGrad | internshala | ~Rs 100 crore valuation; 90% stock-swap deal | source |
| 15 Sep 2022 | upGrad | centum-learning | 100% acquisition via share swap | source |
| 1 Aug 2022 | upGrad | exampur | Undisclosed | source |
| 24 May 2021 | upGrad | impartus-innovations | INR 150 crore | source |
| 15 Dec 2020 | upGrad | rekrut-india | Undisclosed | source |
Recent Signals
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20 May 2026 · funding
upGrad raises Rs 361 crore (~$38M) at a $1.73B valuation; posts provisional profit ahead of Unacademy deal source -
19 Mar 2026 · ma-strategic
upGrad signs term sheet to acquire rival edtech Unacademy in all-stock deal source -
26 Feb 2026 · ma-strategic
upGrad acquires early-talent marketplace Internshala in a 90% stock-swap deal source
News on upGrad
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Who founded upGrad?
upGrad was founded by Ronnie Screwvala, Mayank Kumar, Phalgun Kompalli, Ravijot Chugh in 2015.
How much funding has upGrad raised?
upGrad has raised $479.5 Mn across 6 tracked funding round(s), most recently on 2026-05-20. Figures are compiled from cited public sources.
Who are the investors in upGrad?
Investors in upGrad include Ronnie Screwvala, 360 ONE Opportunities Fund, International Finance Corporation (IFC), Temasek.
What does upGrad do?
upGrad is a Mumbai-headquartered online higher-education and workforce-skilling platform offering certifications, bootcamps, and university-partnered degree/executive programs to individual learners, alongside a separate Enterprise division providing corporate learning, talent transformation, and staffing/recruitment services to businesses.
Where is upGrad headquartered?
upGrad is headquartered in Mumbai, Maharashtra, India.
What is upGrad's business model?
upGrad's core value proposition centers on Outcomes-focused, university-backed upskilling, Full career-lifecycle integration (learn to earn).
How does upGrad make money?
upGrad's cited revenue streams include B2C skilling programs, certifications, bootcamps and university-partnered degrees, Enterprise/B2B corporate skilling contracts, Recruitment/staffing fees (upGrad Rekrut).