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upGrad Unicorn

UpGrad Education Private Limited ● Mumbai, Maharashtra ● Founded 2015 ● upgrad.com ↗
Ronnie Screwvala · Co-Founder & Chairperson Mayank Kumar · Co-Founder (stepped down as Managing Director in Oct 2024; remains co-founder/shareholder) Phalgun Kompalli · Co-Founder & Head of Operations Ravijot Chugh · Co-Founder & Head of Product/Career Services
$479.5 MnTotal funding (tracked)
6Funding rounds
20 May 2026Last round
7,649Team size (sourced)

upGrad: Funding Rounds

Venture Round (Temasek, first tranche): $120MApr '21Venture Round (IFC): $40MApr '21Venture Round (Unicorn round): $185MAug '21Internal Round: $36.5MMar '23Series F (Temasek + secondary): $60MOct '24Venture Round: $38MMay '26

Disclosed round amounts over time, USD millions.

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

upGrad: Investors

Ronnie Screwvala 360 ONE Opportunities Fund International Finance Corporation (IFC) Temasek IIFL

Acquisitions

DateAcquirerAcquiredAmountSource
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

FAQs on upGrad

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.

Sources & corrections. Every fact on this page is compiled from cited public sources — follow the “source” links beside each entry. Profile sources: techcrunch.com · Last verified 13 Jul 2026. · Report a correction