upGrad Education Private Limited announced that it has received $225,000,000 in a round of funding on June 15, 2022. The transaction included participation from new investors Educational Testing Service, Inc., Lupa Systems, LLC, Kaizen Management Advisors Pvt. Ltd, returning investors Temasek Holdings (Private) Limited, International Finance Corporation, and IIFL Finance Limited, along with Artisan Investments; the family office of Lakshmi Mittal, family office of Sunil Bharti Mittal, Narotam Sekhsaria family office, and marquee investors.

The company issued common stock in the transaction. The round is raised at a post-money valuation of $2,250,000,000. The founder group invested $12,500,000 in the round to maintain its over 50 percent ownership in the company.