Amount Raised
$34 Million
Round Type
Debt Financing
MumbaiEducationE LearningLanguage LearningCorporate TrainingInvestors
Description
upGrad, led by Ronnie Screwvala, is set to raise INR 287.5 crore ($34.4 million) in debt funding from EvolutionX Debt Capital to fuel its growth capital, cover operating expenses, and support general corporate needs. The funding round aims to strengthen upGrad’s financial position and expand its educational offerings.
Quick answer
UpGrad raised $34 Million in a Debt Financing round, dated June 29, 2024. Investors: Evolution X. UpGrad is based in Mumbai, Maharashtra, India.
- How much did UpGrad raise?
- UpGrad raised $34 Million in a Debt Financing round on June 29, 2024.
- Who invested in UpGrad?
- Evolution X is named as investors in this round.
- What does UpGrad do?
- UpGrad is an online higher education platform that offers courses and programs in various fields.
- Where is UpGrad based and how big is it?
- UpGrad is based in Mumbai, Maharashtra, India.
- Who are the decision-makers at UpGrad?
- Fundz holds 1 contact at UpGrad, including the Founder and CEO. Names and contact details are shown to Fundz members.
Source: Fundz verified event record.
Who else raised in Education and E Learning around the same time
Companies in the same sectors as UpGrad that raised within 45 days of this round, from Fundz verified event records.
- Making Space raised $2M (Pre-Seed) on July 16, 2024.
- Clapingo raised an undisclosed amount (Pre-Series A) on June 11, 2024.
- Masterplace raised $2M (Seed) on August 1, 2024.
- WorkJam raised $20M (Debt Financing) on July 31, 2024.
- FalkorDB raised $3M (Seed) on June 19, 2024.
- Vanta raised $1.1M on June 12, 2024.
Who to call at UpGrad, and when
A new round usually means UpGrad is about to hire and buy. The teams that reach out first get the meeting.
- An alert the day UpGrad raises, hires an executive or expands, scored against what you sell
- The decision-makers there, with verified emails
- Who you already know at UpGrad, from your own LinkedIn network
Works inside ChatGPT and Claude. Ask who to call at UpGrad. With Fundz connected, it knows.
AI made execution free. Knowing first is the whole game now.
Fundz sees it the moment UpGrad raises, hires an exec or expands, usually minutes after it happens, and tells you who to reach.
Related People
UpGrad raised. Fundz records a round at a median of 3.6 minutes from the SEC filing, with the decision-maker attached.
145 of these a day, filtered to the companies you pick, with the decision-maker attached.
5 screens from a live account. No signup.