# upGrad: E-learning, Mumbai, India

> upGrad: upGrad is a leading higher education technology platform based in Mumbai, India, founded in 2015. Based in Mumbai, India. Founded 2015.

Source: https://millionrounds.com/startup/upgrad (Millionrounds; every figure on the page links to its filing or article)

India · [E-learning startup](https://millionrounds.com/companies)

# upGrad

upGrad is a leading higher education technology platform based in Mumbai, India, founded in 2015.

Funding reported Last round: Debt financing

E-learning Mumbai, India

Company summary

- **Founded:** 2015 11 years old
- **Team:** 3,700 1,000+ people
- **Funding reported:** 702.7M as listed, currency not stated
- **Last round:** Debt financing Jun 2024

How sure we are

- ✓ **Listed** We know it exists and what it does
- 2 **Funding reported** A company dataset reports a raise
- 3 **Observed** A filing or a dated announcement confirms a round

No round for upGrad has been confirmed by a filing or an announcement yet, so nothing here counts toward an investor's record. [How we decide](https://millionrounds.com/methodology)

## About upGrad

upGrad is a leading higher education technology platform based in Mumbai, India, founded in 2015.

It aims to bridge the gap between traditional degrees and the needs of the modern workforce through lifelong learning opportunities for both working professionals and college students. With a mission to make quality education accessible, upGrad empowers over 10 million learners across more than 100 countries. The company offers a diverse range of learning programs, including over 200 courses in areas such as MBA, data science, digital marketing, and law, developed in collaboration with top universities worldwide. Additionally, upGrad has a dedicated enterprise division that partners with organizations to provide tailored corporate learning and workforce development solutions. With a strong focus on learner support, upGrad boasts an 85% course completion rate and guarantees 80% career outcomes for its participants. The company has grown significantly, achieving unicorn status in 2021 and employing around 4,000 people.

## What company datasets say upGrad raised

Funding, as reported

Reported in all **702.7M** in the source's currency

Rounds **8**

Last round **Debt financing**

Last round size **38M**

Last round date **Jun 2024**

Investors listed **17**

Valuation **$2.3B, Mar 2026**

## Founders and team

From upGrad's own website: 3 founders, 2 on the team.

**Mayank Kumar** Co-Founder

**Phalgun Kompalli** Co-Founder

**Ronnie Screwvala** Co-Founder & Chairperson

- **Voruganti Aravind** Vice President - Block Chain
- **Arun M** Performance Analyst

## On 2 portfolio pages

Investors who name them

- [Kaizenvest](https://millionrounds.com/fund/kaizenvest)
- [Kaizen Private Equity](https://millionrounds.com/fund/kaizen-private-equity)

Each firm lists upGrad on its own website. That is the firm's claim, a weaker thing than a round we watched, but a named source.

## The company, in detail

What they build

Known for

university education university partnerships industry expert instructors remote learning global education platform remote internship opportunities professional courses global education ecosystem skill enhancement industry-relevant courses digital skills interactive learning modules law product management elearning digital education innovation

Built with from their website

Articulate 360 Docker HubSpot Sales Hub Salesforce CRM Google Tag Manager Naukri Drift Excel Impact Amazon CloudFront Canva

+8 more

Google Sheets Leadsquared Marketing Automation Tableau WebRTC WordPress.org Salesforce CRM Analytics HREF Lang React Native

- **Sector:** E-learning
- **Industry code:** NAICS 611310, 611430, SIC 8299, 8221
- **Region:** Maharashtra
- **Part of:** upGrad Enterprise
- **Revenue:** 185M a year, as listed
- **Full record:** [Every detail in the company directory](https://millionrounds.com/directory/upgrad)

## E-learning in India

Startups like it

- [**Embibe** Bengaluru · founded 2012 *Raised*](https://millionrounds.com/company/embibe)
- [**BYJU'S** Bengaluru · founded 2008 *Raised*](https://millionrounds.com/company/byju-s)
- [**Cuemath** Bengaluru · founded 2013 *Raised*](https://millionrounds.com/company/cuemath)
- [**WhiteHat Jr** Mumbai · founded 2018 *Raised*](https://millionrounds.com/company/whitehat-jr)
- [**Adda247** Gurugram · founded 2016 *Raised*](https://millionrounds.com/company/adda247)
- [**Board Infinity** Navi Mumbai · founded 2017 *Raised*](https://millionrounds.com/company/board-infinity)
- [**zaher nourredine IL&FS Education and Technology Services Ltd. (IETS)** New Delhi · founded 1997](https://millionrounds.com/startup/zaher-nourredine-il-fs-education-and-technology-services-ltd-iets)
- [**GrowthSchool** Bengaluru · founded 2021](https://millionrounds.com/startup/growthschool)

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