upGrad to acquire a 53.73% stake in INSOFE for $33m.

upGrad, an edtech platform, agreed to acquire a 53.73% stake in INSOFE, a data science institute, for $33m. "INSOFE adds a strong R&D component in AI and ML to upGrad's large education service basket and helps upGrad create very exciting novel services for corporates and students globally. INSOFE is the gold standard of excellence in these specialised areas and adds incredible value to upGrad as we combine forces," Mayank Kumar, upGrad Co-Founder and MD.