Higher education platform upGrad on Monday said it plans to invest $30 million to open 10 global campuses. Separately, JM Financial Private Equity’s third fund said it led an investment round of Rs 95 crore ($11.5 million) in Silveredge Technologies.
upGrad to launch global campuses
Higher education platform upGrad on Monday said it plans to invest $30 million to open 10 global campuses in the US, India, and other regions next year.
Under a new brand name ‘UGDX’, the company said it will open three campuses in the US (the San Francisco unit goes live in January), five in India (Delhi and Chennai), and one each in Singapore and thw Middle-East.
“As part of our goal to be the world’s first and largest fully integrated higher edtech company spanning college learners and working professionals from the age of 18 to 60+ years, this is a natural extension as we move to a very scaled blended offline and online model under our own upGrad brand,” Ronnie Screwvala, Co-founder and Chairperson, upGrad, said in a statement.
Silveredge Tech raises $11.5m round
JM Financial Private Equity’s third fund on Monday announced leading an investment round of Rs 95 crore ($11.5 million) in Gurugram-based Silveredge Technologies Pvt Ltd.
The round also saw participation from Ashish Kacholia of Mirabilis Investment Trust and Seven Hills Capital.
Silveredge provides advertising solutions to brands and media agencies using its proprietary AI platform.
The investment marks the fourth investment by JM Financial India Growth Fund III.