Temasek invests $60m in Upgrad, valuation holds steady at $2.25 billion

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Singapore's Temasek invests $60 million in Upgrad, maintaining a $2.

In September, PhysicsWallah secured $210 million in funding, while Eruditus raised $150 million at a flat valuation of $3.2 billion.

However, this figure is still higher than $315 million raised in the entire year of 2023, reflecting a continuing downturn in fundraising within the sector, the report said.

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Category: BusinessFinance

Markets: IndiaSingapore

Topics: Upgrad Reskilling Temasek Bharti Enterprises Enterprise revenue Skilling Investment Ronnie Screwvala Startup valuation Education technology Funding IPO plans Higher education Edtech

Source Website Secure: Yes (HTTPS)

News Sentiment: Neutral

Fact Checked: Legitimate

Article Type: News Report

Published On: 2024-10-21 @ 12:28:00 (4 days ago)

News Timezone: GMT +5:00

News Source URL: business-standard.com

Language: English

Article Length: 533 words

Reading Time: 3 minutes read

Sentences: 24 lines

Sentence Length: 23 words per sentence (average)

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Copyright Owner: © Business Standard

News ID: 23148773

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