By using this site, you agree to the Privacy Policy and Terms of Use.
Accept
TechziTechziTechzi
  • Home
  • Community
    • Our Review
    • Join Our Slack community
    • Referral: Richieee
    • Referral: 6 for 6
  • Publications
    • Special Report: SE Asian Startup Funding
    • Top 30 Most Funded Southeast Asia Startups
  • Agencies
  • About
    • About us
    • Contact
Search
© 2023 Techzi . All Rights Reserved.
Reading: Temasek Doubles Down on upGrad Through $60M Investment
Share
Font ResizerAa
TechziTechzi
Font ResizerAa
Search
  • Home
  • Community
    • Our Review
    • Join Our Slack community
    • Referral: Richieee
    • Referral: 6 for 6
  • Publications
    • Special Report: SE Asian Startup Funding
    • Top 30 Most Funded Southeast Asia Startups
  • Agencies
  • About
    • About us
    • Contact
Have an existing account? Sign In
Follow US
© 2023 Techzi . All Rights Reserved.
Edutech

Temasek Doubles Down on upGrad Through $60M Investment

Rary Maharani
Last updated: October 24, 2024 11:21 pm
Rary Maharani
Share
1 Min Read
SHARE
  • Temasek invests $60M in upGrad
  • Edtech funding dropped significantly since 2021
  • Investment maintains upGrad’s unicorn status

Contents
Money Keeps FlowingNumbers Tell a StoryStrategic Moves

Money Keeps Flowing

Singapore’s sovereign wealth fund Temasek has injected $60 million into higher education platform upGrad, maintaining the startup’s $2.25 billion valuation. The investment comes through an $80 million funding round, which includes participation from International Finance Corporation.

Numbers Tell a Story

The edtech sector has experienced a dramatic funding decline, plummeting from $4.1 billion in 2021 to $650 million in 2023. Despite this industry-wide downturn, upGrad continues to attract significant capital from major investors.

Strategic Moves

The funding round also features a secondary transaction involving Indian conglomerate Bharti Enterprises, strengthening upGrad’s position in the competitive edtech landscape.

This strategic investment signals continued confidence in upGrad’s business model.

TAGGED:div5

Sign Up For Daily Newsletter

Be keep up! Get the latest breaking news delivered straight to your inbox.
By signing up, you agree to our Terms of Use and acknowledge the data practices in our Privacy Policy. You may unsubscribe at any time.
Share This Article
Facebook X Copy Link Print
Share
Previous Article xAI Launches Global Hunt for AI Training Specialists
Next Article iPhone’s Next Chapter Lies in the Refurbished Market

Subscribe to our newsletter to get our newest articles instantly

Please enable JavaScript in your browser to complete this form.
2 * 13 =

Stay Connected

XFollow
InstagramFollow
YoutubeSubscribe
TiktokFollow

Latest News

Techzi is Pausing
Media December 24, 2024
Twitch Pioneer Emmett Shear Launches Mysterious AI Venture
AI December 24, 2024
OpenAI CEO Labels Musk a ‘Bully’ in Latest Tech Titan Clash
AI December 24, 2024
AI Revolution Could Spark Live Entertainment Boom
Culture December 24, 2024

You Might also Like

Hardware

iPhone’s Next Chapter Lies in the Refurbished Market

October 24, 2024
VC

Mavcap Unveils Ambitious Plan to Boost VC Investments

April 5, 2024
Strategy

A System Designed to Create a Team of ‘Assassins’

February 12, 2024
AI

VC Giant Andreessen Warns of AI Market Commodification

October 27, 2024
FintechStartups

Singapore Bookkeeping Startup Bluesheets Raises $6 Million

February 12, 2024
StartupsVC

Navegar and East Ventures Drive $34 Million Investment in SG Logistics Startup

March 4, 2024
AI

Altman Admits He Hates ChatGPT’s Name

February 17, 2024
Mobility

Uber Achieves First Annual Profit After Years Of Heavy Losses

February 15, 2024
AI

Google Brings Gemini AI to Gmail on Android

September 5, 2024
e-CommerceSocial Media

TikTok Shop Captures Gen Z Hearts, Ties with Instagram in Social Shopping

June 26, 2024
SaaS

Dropbox CEO Drops Truth Bomb: Employees Value Flex Over Frills

April 30, 2024
AI

OpenAI Faces Mounting Challenges Amidst Rapid Growth

June 11, 2024

Techzi

SE Asian tech news: Free & Comprehensive. Read more

Quick Links

  • Logistics
  • Marketplace
  • Mobility
  • Startups
  • VC
  • Food tech
  • Gaming
  • Health-Tech
  • Media
  • Social Media
  • SaaS
  • Travel

Quick Links

  • AI
  • Edutech
  • Climate
  • Creators
  • Crypto & Web3
  • Culture
  • Deep Tech
  • e-Commerce
  • FAANG
  • Fashion
  • Fintech

Techzi Tech Newsletter

FREE and Curated by Tech Insiders

Legal

Privacy Policy

Terms & conditions

TechziTechzi
Follow US
© 2024 Techzi . All Rights Reserved.
Welcome Back!

Sign in to your account

Username or Email Address
Password

Lost your password?