Thus far, Screwvala has been the primary financial backer. "We looked at the first mover advantage we had, but wanted to do things consecutively. However, we do now believe that the opportunity is too big. Till date, Screwvala has pumped in about Rs 100 crore into the company, and has committed an additional Rs 200 crore. "The approximately Rs 260 crore to be raised will go into further building UpGrad's global technology platform, investing in courses and content facilities and studios, offline and online marketing, and towards the creation of up to 50 offline UpGrad XChange centres for offline engagement and networking," he added.Also on the cards is the company's international expansion.

Source: Economic Times January 08, 2018 03:22 UTC