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New Deal


Announced

Completed

ETS Global and Bodhi Tree led a $210m funding round in UpGrad.

Financials

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Transaction Value£173m
Consideration TypeCash
Capital Owned-
Capital Bid For-
EV/Sales-
EV/EBITDA-
Share Price Premium-
One Off Charge-

Tags

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Cross Border

Minority

Venture Capital

Private Equity

Acquisition

Private

Online and Social Platforms

online courses

India

Friendly

Single Bidder

Completed

edtech

Synopsis

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ETS Global, a digital business solution company, and Bodhi Tree, an investment firm, led a $210m funding round in UpGrad, an online higher education platform with participation from Kaizen Management Advisors, Ambuja Cements, ACC, Artisan Investments, Temasek, IFC and IIFL. “We are excited to invest in, and partner with, upGrad to help accelerate its growth. India continues to be a priority country for ETS, and we are dedicated to strategically increasing our footprint in this key market. Our partnership with upGrad will help to advance our shared mission of providing educational opportunities for all learners, in the South Asia region and around the globe," Ralph Taylor-Smith ETS Strategic Managing Director.

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