PROJECT

Projects

Summary of Investment Information

Project Number

45142

Company Name

UPGRAD EDUCATION PRIVATE LIMITED

Date SPI Disclosed

Jan 30, 2021

Country

India

Region

South Asia

Projected Board Date

Mar 31, 2021

Environmental Category

B - Limited

Status

Active

Last Updated Date

Aug 1, 2021

Department

Disruptive Technologies and Funds

Industry

Health, Education and Life Sciences

Previous Events

Approved : May 14, 2021
Signed : Jun 30, 2021
Invested : Jul 28, 2021

Sector

Other Training

Project Description

The proposed project is an equity investment of up to US$45 million in upGrad Education Private Limited (“upGrad”), a private limited company domiciled in India. upGrad is one of India's largest online higher education platforms with certificate, diploma and degree offerings across data, management, technology and law domains. It is focused on creating an alternate digital platform for college students and working professionals by providing industry-relevant certifications and degree courses in partnership with universities and corporates.

Sponsor / Cost / Location

Development Impact

E&S Category Rationale / Risks and Mitigation