Indian edtech startup upGrad's valuation doubles to $2.25b after funding from Murdoch

Indian edtech startup upGrad's valuation doubles to $2.25b after funding from Murdoch

upGrad founders

Ronnie Screwvala-founded Indian edtech startup upGrad has doubled its valuation to $2.25 billion after raising $225 million in a round that included billionaire James Murdoch’s Lupa Systems and U.S. testing and assessment provider Educational Testing Service, Bloomberg reported.

The family offices of Indian billionaires Lakshmi Mittal of steelmaker ArcelorMittal SA and Sunil Bharti Mittal of telecom operator Bharti Airtel participated in the round, as did existing investors including Temasek Holdings Pte, the report added

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