Indian tax officials conducted a routine inspection at edtech startup UpGrad, which is backed by Temasek. UpGrad, whose valuation exceeds US$2 billion, has stated that it is in full compliance and cooperating with the tax department.

Founded  in 2015, upGrad provides online education services ranging from college learning to training for working professionals. It has offices in India, Singapore, Vietnam, the UK, the US, and the Middle East.