GST officials visit Temasek-backed ed-tech startup upGrad's office
'It's a routine survey and we are fully compliant and cooperating with the department,' says Koell Hemdev, head of legal at upGrad
- Jul 19, 2023,
- Updated Jul 19, 2023 5:42 PM IST
GST officials have visited an office of Temasek-backed ed-tech startup upGrad for a routine survey, the company said on Wednesday.
"It's a routine survey and we are fully compliant and cooperating with the department," Koell Hemdev, head of legal at upGrad, said in a statement, without sharing more details of the visit.
UpGrad, backed by Temasek and James Murdoch's Lupa Systems, was valued at more than $2 billion last year and offers online MBA and executive education courses by partnering with local and foreign universities.
The company, founded by film producer Ronnie Screwvala, competes with firms including Softbank-backed Eruditus and embattled edtech major Byju's.
UpGrad's India CEO Arjun Mohan left the company in January and has recently been appointed as chief of Byju's international business.
With inputs from Reuters
GST officials have visited an office of Temasek-backed ed-tech startup upGrad for a routine survey, the company said on Wednesday.
"It's a routine survey and we are fully compliant and cooperating with the department," Koell Hemdev, head of legal at upGrad, said in a statement, without sharing more details of the visit.
UpGrad, backed by Temasek and James Murdoch's Lupa Systems, was valued at more than $2 billion last year and offers online MBA and executive education courses by partnering with local and foreign universities.
The company, founded by film producer Ronnie Screwvala, competes with firms including Softbank-backed Eruditus and embattled edtech major Byju's.
UpGrad's India CEO Arjun Mohan left the company in January and has recently been appointed as chief of Byju's international business.
With inputs from Reuters