Temasek to invest $120m in UpGrad.

Synopsis

Investment firm Temasek agreed to invest $120m in UpGrad, India’s largest higher edtech company. The Mumbai-based startup said it intended to use the capital proceeds to further strengthen its team, scale its global market operations, bolster its technology and product capabilities, as well as pursue merger and acquisition opportunities.

Principals

target

Upgrad Education

bidder

Temasek Holdings

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