An education technology unicorn built by a cable TV-era entrepreneur almost doubled its valuation after raising $225 million in fresh funding, balking a frosty global venture capital environment.

The Mumbai-based company spans several segments, from test prep to study abroad, and undergrad degrees to campus courses in 250 universities. Besides India, the startup is growing rapidly in Indonesia, Vietnam and the Middle East.

Edtech Unicorn Upgrad Raises $225 Million In Funding, Doubles Valuation

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Edtech Unicorn Upgrad Raises $225 Million In Funding, Doubles Valuation

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