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India’s upGrad launches $11.45m AI incubator for startups
Mumbai-based edtech firm upGrad has launched the ‘upGrad AI Incubator’ to support emerging AI startups. The company has allocated 100 crore rupees (US$11.45 million) to invest in 5-6 startups over the upcoming months.
The incubator will provide infrastructure and seed funding to promote innovation among startups.
The company has announced its first investment in Bengaluru-based startup ZuAI, although financial terms undisclosed.
UpGrad also partnered with Maharashtra’s government to build AI excellence centers with a 2,150 crore rupees (US$246,73 million) investment.
Founded in 2015, upGrad provides online and hybrid skilling programs, partnering with global universities across multiple markets.
Recent upGrad developments
| Timeline |
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10-Feb-2025 🚀 UpGrad co-founder’s BorderPlus raises $7m after launch
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09-Jan-2025 🎁 Taobao upgrades gift purchases, adds app sharing feature
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07-Jan-2025 🌍 Upgrad co-founder, ex-Oyo exec launch new jobs platform
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04-Nov-2024 📬 Instagram upgrades DMs with sorting tools for creators
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| 29-Mar-2023 🎓 India’s upGrad scoops $36.4m from existing investors |
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