Liquidity Events
upGrad acquires data science institute INSOFE for $33-M
Higher education focused unicorn Ed-tech company upGrad has acquired the International School of Engineering (INSOFE), a Hyderabad-based data science institute, in a USD 33 million share swap deal. As part of the transaction, INSOFE's management and investors will take a little under 1% equity in upGrad at a valuation of USD 2 Billion. Insofe, which claims to be a leader in data sciences and artificial engineering courses, offers blended offline-online courses with two facilities in Hyderabad and Bengaluru.
From the Venture Intelligence PE-VC Deal Database: In Mar 2017, Kaizen PE had invested INR 17 Cr in INSOFE. (Subscribers to the database can login to view the valuation, deal structuring and other transaction details.)
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