Temasek Holdings, IFC and IIFL led a $185m funding round in upGrad.

Temasek Holdings, an investment company headquartered in Singapore, IFC, an international financial institution that offers investment, advisory, and asset-management services to encourage private-sector development in less developed countries, and IIFL, an Indian diversified financial services company headquartered in Mumbai, led a $185m funding round in upGrad, a edtech platform for higher education. “We are pleased with the investor interest ever since we opened up for a fundraise, and had our maiden raise from Temasek, followed by IFC and IIFL in the last 60 days. We will announce further updates on mergers and acquisitions, and unlocking value as they unfold," Ronnie Screwvala, upGrad Chairperson and Co-Founder.