India Digest: upGrad buys Centum Learning; DotPe raises $55m from Temasek

upGrad founders

Edtech unicorn upGrad has acquired corporate training solutions company Centum Learning while Google-backed e-commerce enablement platform Dotpe has raised $55 million in a new funding round led by Temasek.

upGrad buys corporate training startup

Ronnie Screwvala’s edtech unicorn upGrad said it has acquired corporate training solutions company Centum Learning, a unit of Bharti Enterprises Ltd, in a share-swap deal, in its sixth acquisition of the year.

While the company declined to disclose the deal price, VCCircle reported it to be around $15 million.

upGrad has acquired a slew of companies recently, including Exampur, Harappa Education and Wolves India.

In August this year, upGrad raised $210 million from investors that included the family offices of Bharti Airtel, ETS Global, Bodhi Tree, Singapore’s Kaizen Management Advisors, along with existing investors Temasek, IFC and IIFL.

DotPe raises $55m in new round

Payments services provider and trading platform DotPe has raised around $54.5 million in a new funding round led by Temasek. PayU, Japan’s MUFG Bank, Naya Global Investments Pte and Info Edge Ventures also participated in the round. Entrackr was the first to report about the development.

The company raised a $27.5-million Series A round led by PayU in March 2021 and a $7.5-million seed round in February 2020.

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