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.