About upGrad
upGrad is a company based in Mumbai (India) founded in 2015 by Ronnie Screwvala, Phalgun Kompalli, and Mayank Kumar.. upGrad has raised $329.18 million across 8 funding rounds from investors including International Finance Corporation, 360 One and Temasek. The company has 7,112 employees as of August 12, 2025. upGrad has completed 15 acquisitions, including AcadView, Centum Learning and Cohortplus. upGrad offers products and services including Online Courses and Certifications.
- Headquarter Mumbai, India
- Employees 7112 as on 12 Aug, 2025
- Founders Ronnie Screwvala, Phalgun Kompalli, Mayank Kumar
- Stage Unicorn
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Sectors
Education
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Email
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Phone
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Website
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Social
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- Legal Name Upgrad Education Private Limited
- Jurisdiction Mumbai, Maharashtra, India
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Annual Revenue
$143.62 M (USD)72.56as on Mar 31, 2023
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Net Profit
$-137.26 M (USD)-82.18as on Mar 31, 2023
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EBITDA
$-70.06 M (USD)0.07as on Mar 31, 2023
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Total Equity Funding
$329.18 M (USD)
in 8 rounds
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Latest Funding Round
$60 M (USD), Series C
Oct 21, 2024
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Investors
International Finance Corporation
& 8 more
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Employee Count
7112
as on Aug 12, 2025
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Investments & Acquisitions
AcadView
& 14 more
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Products & Services of upGrad
upGrad offers a comprehensive portfolio of products and services, including Online Courses and Certifications. The company's diverse product and service offerings are designed to meet the evolving needs of its customers, address market demands, and provide comprehensive solutions that drive value creation and customer satisfaction across various segments and use cases.
Online courses are provided for professional development, covering areas like AI, data science, and management.
Certifications are offered in collaboration with partners like Microsoft and PwC, focusing on skills in generative AI and digital marketing.
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Sales and Marketing
36 people
Software Development Team
33 people
Senior Team
24 people
Product Management Team
21 people
Leadership Team
19 people
Finance and Accounting
13 people
Human Resources and Administration
12 people
Operations Team
11 people
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Funding Insights of upGrad
upGrad has successfully raised a total of $329.18M across 8 strategic funding rounds. The most recent funding activity was a Series C round of $60 million completed in October 2024. This substantial capital infusion reflects strong investor confidence in the company's business model, growth potential, and market opportunities. The funding enables strategic expansion, product development, market penetration, and operational scaling to drive long-term value creation and competitive advantage.
- Total Funding Total Funding
- Total Rounds 8
- Last Round Series C — $60.0M
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First Round
First Round
(11 Aug 2020)
- Investors Count 9
| Date | Amount | Transaction Name | Valuation | Lead Investors | Investors |
|---|---|---|---|---|---|
| Oct, 2024 | Amount | Series C - upGrad | Valuation | Temasek |
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| Jun, 2024 | Amount | Debt – Conventional - upGrad | Valuation |
investors |
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| Mar, 2023 | Amount | Series B - upGrad | Valuation |
investors |
| Date | Amount | Transaction Name | Valuation | Lead Investors | Investors |
|---|---|---|---|---|---|
| Jul, 2021 | Amount | Post-IPO - Grab | Valuation |
investors |
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| Feb, 2021 | Amount | Post-IPO - Grab | Valuation |
investors |
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| Jan, 2021 | Amount | Post-IPO - Grab | Valuation |
investors |
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| Feb, 2021 | Amount | Post-IPO - Grab | Valuation |
investors |
Investors in upGrad
upGrad has secured backing from 9 investors, including venture fund, institutional, and angel investors. Prominent investors backing the company include International Finance Corporation, 360 One and Temasek. This diverse investor base provides strategic capital, industry expertise, and valuable network connections that support the company's growth initiatives, market expansion, and long-term value creation.
| Investor | Description | Founded Year | Domain | Location |
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An investment platform is provided for diverse sectors and geographies.
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Founded Year | Domain | Location | |
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Private debt fund focused on growth-stage technology companies
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Founded Year | Domain | Location | |
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Early- and late-stage investments are managed by Unilazer Ventures.
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Founded Year | Domain | Location |
| Investor | Description | Founded Year | Domain | Location |
|---|---|---|---|---|
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Single family office of Amitabh Bachchan, founder of Amitabh Bachchan Corporation or AB CORP
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Founded Year | Domain | Location | |
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Startup ecosystems are ignited through strategic investments by Signite Partners.
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Founded Year | Domain | Location | |
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Venture capital is directed toward companies in multiple sectors.
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Founded Year | Domain | Location | |
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Venture capital is invested in cybersecurity, fintech, and AI startups.
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Founded Year | Domain | Location |
Investments & Acquisitions by upGrad
upGrad has strategically engaged in corporate development activities, having acquired 15 companies. Notable acquisitions include AcadView, Centum Learning and Cohortplus. These strategic investments and acquisitions demonstrate the company's commitment to growth through portfolio expansion, market consolidation, technology integration, and strategic partnerships that enhance competitive positioning and drive long-term value creation.
| Company Name | Description | Domain | Location | Founded Year | Amount |
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Bionic investment advisor platform
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2016 | ||||
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Fine Asian gourmet food is offered by an internet-first restaurant.
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2016 | ||||
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Physical e-commerce kiosks are deployed for rural purchases in Indonesia.
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2014 | ||||
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Fine Asian gourmet food is offered by an internet-first restaurant.
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2016 |
| Company Name | Description | Domain | Location | Founded Year | Amount |
|---|---|---|---|---|---|
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Provider of HR consulting services
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2020 | ||||
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Government exam preparation is offered through a mobile platform.
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2018 | ||||
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LMS platform offering soft skills development solutions
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2018 |
| Company Name | Description | Domain | Location | Founded Year | Amount |
|---|---|---|---|---|---|
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OVO is recognized as a smart digital payment application.
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2017 | ||||
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Bionic investment advisor platform
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2016 | ||||
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Physical e-commerce kiosks are deployed for rural purchases in Indonesia.
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2014 | ||||
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Physical e-commerce kiosks are deployed for rural purchases in Indonesia.
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2014 |
Financial Statements - upGrad
| Date | Amount | Transaction Name | Valuation | Lead Investors | Investors |
|---|---|---|---|---|---|
| Jul, 2021 | Amount | Post-IPO - Grab | Valuation |
investors |
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| Feb, 2021 | Amount | Post-IPO - Grab | Valuation |
investors |
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| Jan, 2021 | Amount | Post-IPO - Grab | Valuation |
investors |
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| Feb, 2021 | Amount | Post-IPO - Grab | Valuation |
investors |
Upgrad Comparisons
Competitors of upGrad
| Company Name | Domain | Founded year | HQ Location | Description |
|---|---|---|---|---|
| domain | founded_year | HQ Location |
Multiple services are booked via an app-based platform.
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| domain | founded_year | HQ Location |
On-demand services are booked through an app-based platform.
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| domain | founded_year | HQ Location |
App based platform offering on demand delivery and ride-hailing services
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| domain | founded_year | HQ Location |
Operates an on-demand hyperlocal delivery app for food and groceries.
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Latest news on Upgrad
Frequently Asked Questions about upGrad
When was upGrad founded?
upGrad was founded in 2015 and raised its 1st funding round 5 years after it was founded.
Where is upGrad located?
upGrad is headquartered in Mumbai, India. It is registered at Mumbai, Maharashtra, India.
Who is the current CEO of upGrad?
Myleeta Aga Williams is the current CEO of upGrad.
Is upGrad a funded company?
upGrad is a funded company, having raised a total of $329.18M across 8 funding rounds to date. The company's 1st funding round was a Series B of $36.43M, raised on Aug 11, 2020.
How many employees does upGrad have?
As of Aug 12, 2025, the latest employee count at upGrad is 7,112.
What is the annual revenue of upGrad?
Annual revenue of upGrad is $143.62M as on Mar 31, 2023.
What does upGrad do?
upGrad was founded in 2015 and is headquartered in Mumbai, India. An online education platform is operated, focusing on industry-relevant programs for working professionals and students. Collaborations with global universities enable offerings such as online degrees, postgraduate diplomas, certification courses, and executive education. Coverage includes fields like data science, artificial intelligence, business management, digital marketing, and software development.
What products or services does upGrad offer?
upGrad offers Online Courses and Certifications.
How many acquisitions has upGrad made?
upGrad has made 15 acquisitions, including AcadView, Centum Learning, and Cohortplus.
Who are upGrad's investors?
upGrad has 9 investors. Key investors include International Finance Corporation, 360 One, Temasek, Artisan Partners, and Unilazer Ventures.
What is upGrad's valuation?
The valuation of upGrad is $1.86B as of Mar 2023.
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