Higher education startup upGrad has become India's 21st unicorn this year. It is also the third homegrown edtech unicorn after BYJU'S and Unacademy.
The Mumbai-based startup is now valued at $1.2 billion after raising $185 million in a continuous round led by Temasek ($120 million), IFC ($40 million), and India Infoline Finance ($25 million).
upGrad founder group consisting of Ronnie Screwvala, Mayank Kumar, and Phalgun Kompalli, continue to own over 70 percent of the company.
