BANGALORE: Ronnie Screwvala pioneered cable television in India in the 1980s and then built a unicorn that was acquired by Walt Disney Co. At 64, the entrepreneur’s latest venture UpGrad is speeding toward a landmark US$1bil (RM4.10bil) valuation.
The higher education and upskilling startup raised US$120mil from Singapore-based investor Temasek Holdings Pte, according to its co-founder. That’s the first time UpGrad – which had been funded entirely by Screwvala and its founding team since it was established in 2015 – is getting an external investor.
“We are not quite a unicorn but we’ll get there soon, ” the entrepreneur said in an interview via Zoom video call.
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