According to individuals closely briefed on the subject, Singapore's sovereign wealth fund Temasek has added an extra $60 million to its upskilling and higher education firm Upgrad, valuing the company at a flat $2.25 billion.

They further said that Ronnie Screwvala, the founder and chairman of Upgrad, paid $20 million to acquire Bharti Enterprises' share of the company.

Following Upgrad's 2022 stock swap acquisition of the skilling and training solutions company Centum Learning, Bharti Enterprises held a 1% share in the latter.

Serial entrepreneur Screwvala, who founded UTV earlier, now holds 45% of Upgrad. As reported by ET on October 16, he is taking on a larger role at the edtech company in the wake of cofounder Mayank Kumar's departure. The article also referenced the upcoming investment round.

As a result, Screwvala becomes one of the select few business owners with the biggest stake in a venture-backed startup. Among the company's primary investors are Temasek and IFC.

A person aware of this subject says, "The funding has now closed, Ronnie also increasing his stake further shows the commitment with recent changes and the more hands-on role he is going to play going forward".

Recentlyt, in a Series B funding round that was co-led by Ashish Kacholia and the Asian Promoter Group, consumer food brand Yu has raised Rs. 55 crore ($6.5 million).

Some of the company's seed-stage investors, who have reportedly earned over 4x returns on their investments, are said to have been given an exit.

According to a news release from Yu, the additional funding will be utilized to increase distribution, bolster its culinary offering, and broaden its beverage selection with recently introduced 100% fruit juices.