Edtech startup upGrad induces Rs 30 Cr in TuringMinds
- ByStartupStory | December 22, 2022
Upgrad, the edtech startup made it clear on Thursday that it will be investing Rs.30 crores in TurningMinds which aims to cater to the increased traction from enterprises for outsourced research and product development, leveraging its scholar pool.
After this inducement of investment, the company aims to grow geographically and expand its market reach. Currently the offices in Hyderabad, Bengaluru, and Detroit are already operating with a workforce of 250 product engineers. TuringMinds plans to operate with over 15 offline facilities in the US, India, Europe, the UK, and the Middle East.
Ronnie Screwvala, Co-founder and Chairperson of the Edtech Startup commented on the development “ “In addition to our LifeLongLearning suite, we are hiring large numbers of bachelor’s to doctorate degree holders to fuel our mission of developing full-fledged marketable products. This further gives One upGrad an edge over its peers and strengthens our stature as the key employment enabler within the country.”
About TurningMinds:
TuringMinds extensively helps clients to adopt data science in their organizations. The company is headquartered in India. It is actively expanding its global footprint with a strong business goal of incubating and designing 50+ prototypes every year, the release said. It has a clear target to build an Rs 800 crore ($100 million) business with strong intellectual properties in the next five years.
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